Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    28585 Highway 70 Bonanza, OR 97623

    • Commercial real estate
    • 3,910 SF
    • 0.39 lot acres
    For Sale
    View listing
    $295,000
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 28585 Highway 70

    Year built
    1937
    Lot size
    0.39 lot acres
    Property size
    3,910 SF
    Property type
    Commercial real estate

    Description

    This exceptional commercial property, located at 28585 Hwy 70 in Bonanza, Oregon, presents a unique investment opportunity. The well-known Longhorn Saloon and Restaurant, a local landmark since 1937, occupies a 3,910 square foot building situated on a 0.39-acre lot. The property boasts a large dining room featuring a natural stone fireplace and sliding doors leading to a spacious bar area. The bar includes a stage, a pool table, and Oregon Lottery Video Poker and Keno machines. A fully equipped modern kitchen, renowned for its quality food, is conveniently located between the restaurant and dining room. The property also includes a privately fenced outdoor area, perfect for al fresco dining, complete with a horseshoe pit and shaded tables. Its prime location across from Big Springs Park makes it an ideal gathering spot and ensures high visibility. Priced at $295,000, this property offers significant potential for continued success and growth within the Bonanza community. The established reputation and existing infrastructure provide a solid foundation for a new owner to build upon.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bonanza
    County
    Klamath
    State
    Oregon
    Longitude
    -121.439
    Latitude
    42.2188

    Comparable in this City

    • Value Estimation by Request
      0.23 Acres

      Bonanza, OR 97623

      COMMERCIAL (GENERAL) • 0.23 Acres
      Bonanza, OR 97623
      View Details
    • Value Estimation by Request
      0.59 Acres

      31531 Hwy 70

      COMMERCIAL (GENERAL) • 0.59 Acres
      31531 Hwy 70, Bonanza, OR 97623-9776
      View Details
    • Value Estimation by Request
      2,820 SF

      31990 Highway 70

      Commercial real estate • 2,820 SF
      31990 Highway 70, Bonanza, OR 97623
      View Details
    • Value Estimation by Request
      0.51 Acres

      Bonanza, OR 97623

      COMMERCIAL (GENERAL) • 0.51 Acres
      Bonanza, OR 97623
      View Details
    • Value Estimation by Request
      5.00 Acres

      Bonanza, OR 97623

      COMMERCIAL (GENERAL) • 5.00 Acres
      Bonanza, OR 97623
      View Details
    • Value Estimation by Request
      0.37 Acres

      31880 Hwy 70

      COMMERCIAL (GENERAL) • 0.37 Acres
      31880 Hwy 70, Bonanza, OR 97623-3275
      View Details

    Similar Nearby for Sale

    • $295,000
      3,910 SF

      Historic Bonanza Saloon & Restaurant

      Charming landmark, established 1937, high potential.
      28585 Highway 70, Bonanza, OR 97623
      View Details
    • $275,000
      2,820 SF

      Historic Bonanza Commercial Building

      Spacious Offices, Updated, Prime Location
      31990 Highway 70, Bonanza, OR 97623
      View Details
    • Contact for pricing
      3.80 Acres

      Residential Land in Bonanza, Oregon

      3.8-acre residential land suitable for building or recreation.
      Kingfisher Dr, Bonanza, OR 97623
      View Details
    • Contact for pricing
      2.62 Acres

      Bonanza, OR Residential Lots

      2.6-acre lot in a peaceful rural setting near Bonanza.
      Jaguar Ln, Bonanza, OR 97623
      View Details
    • Contact for pricing
      2.38 Acres

      Bonanza, Oregon Residential Land

      2.38-acre treed parcel in Bonanza, Oregon, ideal for building.
      13559 Sparrow Dr, Bonanza, OR 97623
      View Details
    • $35,000
      7.00 Acres

      Bonanza Residential Lots with Trees

      7 acre residential lots with trees in Bonanza, Oregon.
      25-27 Canvasback Dr, Bonanza, OR 97623
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    28585 Highway 70
    Bonanza, OR 97623
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.