Restaurant and Bar with Highway
28405 Salmon River Hwy Grand Ronde, OR 97347
For Sale
$1,350,000
COMMERCIAL - Grand Ronde, OR
Property Size5,291 SF
Lot Size0.45 Acres
Price / SF$255.15
Days on Market70
Property Features for 28405 Salmon River Hwy
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
NPC-C
Standard status
Active
Size
5,291 SF
Lot size
0.45 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4467
Utilities
Heating system
Central, Forced Air
Cooling system
Central Air
Building Details
Year built
1947
Roof type
Composition
Listing Agency:
EXP REALTY, LLC
(888) 814-9613
Listed By:
SHAWN RICHARDSON · License #201210661
(208) 912-5591
Added: May 22
Changed: Jul 16
Last Checked: Jul 30 at 8:06AM
MLS# 841406
Copyright © 2026 Willamette Valley Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This property at 28405 Salmon River Hwy is currently operating as a restaurant and bar. The commercial building is set on a small lot and presented for sale as an income-producing hospitality use, with the existing concept and improvements already in place for a continued restaurant/bar operation.
The site is positioned along Salmon River Highway in Grand Ronde, providing visibility on a major Oregon travel corridor. Public remarks indicate convenient access to the property and proximity to Spirit Mountain Casino, supporting a location focused on travelers and regional dining demand.
For buyers or tenants, the combination of a ready-to-operate restaurant/bar setup and high-visibility roadside presence can support hospitality operators looking for an owner-user or operator role in a designated commercial area. The property is offered with NPC-C zoning, which should be reviewed to confirm permitted restaurant and bar uses and any intended modifications to the premises. Brokers and prospective operators should verify zoning requirements, allowable uses, and any development or change-of-use conditions with the appropriate local authorities.
The site is positioned along Salmon River Highway in Grand Ronde, providing visibility on a major Oregon travel corridor. Public remarks indicate convenient access to the property and proximity to Spirit Mountain Casino, supporting a location focused on travelers and regional dining demand.
For buyers or tenants, the combination of a ready-to-operate restaurant/bar setup and high-visibility roadside presence can support hospitality operators looking for an owner-user or operator role in a designated commercial area. The property is offered with NPC-C zoning, which should be reviewed to confirm permitted restaurant and bar uses and any intended modifications to the premises. Brokers and prospective operators should verify zoning requirements, allowable uses, and any development or change-of-use conditions with the appropriate local authorities.
Key Highlights
- Commercial property at 28405 Salmon River Hwy, Grand Ronde, OR 97347
- Restaurant and bar currently operating on Salmon River Highway
- High‑visibility frontage along a major Oregon travel corridor near Spirit Mountain Casino
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $101.6k | $19.20 |
| − Vacancy | −$4.1k | −$0.77 |
| EGI | $97.5k | $18.43 |
| − OpEx | −$24.4k | −$4.61 |
| NOI | $73.1k | $13.82 |
5,291 SF · lease $19.20/SF/yr · vacancy 4.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.04M
$914.3K – $1.22M
NOI $73,143 @ 7.0% cap · market cap 5.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.40M
$1.23M – $1.64M
NOI $98,336 @ 7.0% cap · market cap 7.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Operating restaurant and bar with prominent frontage along a major travel corridor near Spirit Mountain Casino.
Where is this conventional restaurant located?
The property is located at 28405 Salmon River Hwy Grand Ronde, OR.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Commercial property at 28405 Salmon River Hwy, Grand Ronde, OR 97347; Restaurant and bar currently operating on Salmon River Highway; High‑visibility frontage along a major Oregon travel corridor near Spirit Mountain Casino
