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    301 N Lake St Joseph, OR 97846

    For Sale
    $479,000

    COMMERCIAL - Joseph, OR

    Property size:
    1,586 SF
    Lot size:
    0.30 Acres
    Days on Market:
    333
    Last Refresh:
    Dec 5 at 5:06 pm

    Property Features for 301 N Lake St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    commer
    APN
    2778
    Size
    1,586 SF
    Lot size
    0.30 Acres

    Utilities

    Heating system
    Heat Pump (Heating)
    Cooling system
    Heat Pump

    Building Details

    Year built
    1995
    Building materials
    BoardBattenSiding
    Roof type
    Metal

    Wallowa Mountain Properties, Inc. (541) 432-7653 [email protected]

    Listing agent Larrena Overton (541) 426-3026

    Listing date Jan 7, 2025

    Copyright © 2025 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Established Drive-In Restaurant in Joseph

    Established in 1995, the R and R Drive-In is a well-loved part of Wallowa County. This is a turn-key ready, income-producing, successful business in the heart of Joseph, Oregon, minutes away from Wallowa Lake. The property, suitable for drive-through restaurants, restaurants, and retail, offers a great way to get involved in the community. The building and business are for sale; the land is leased. The property size is 1586 square feet, situated on a lot of 0.3 acres and zoned for commercial use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    R&R Drive In Hamburger Restaurant Joseph United Methodist ... Methodist Church

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Auto Parts Store Gym & Fitness Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Joseph
    County
    Wallowa
    State
    Oregon
    Longitude
    -117.229018
    Latitude
    45.354592

    Nearby Similar for Sale

    • $599,000
      1,440 SF

      Turnkey Dog Kennel Business

      Dog kennel business with home on 3.39 acres.
      83456 Russell Ln, Joseph, OR 97846
      View Details
    • $345,000
      432 SF

      Joseph, OR Commercial Building

      Charming remodeled gallery, ample parking.
      302 Main St, Joseph, OR 97846
      View Details
    • $479,000
      1,586 SF

      Prime Joseph, OR Drive-In Restaurant

      Established Drive-In, Turn-Key Business
      301 Lake St, Joseph, OR 97846
      View Details
    • $2,750,000

      Joseph, OR Multifamily Investment

      Five-unit apartment building, mountain views.
      107 Alder St, Joseph, OR 97846
      View Details

    FAQs

    What type of property is this?
    Drive through restaurant - Turn-key restaurant business opportunity in the heart of Joseph, Oregon.
    Where is this drive through restaurant located?
    The property is located at 301 N Lake St Joseph, OR.
    What is the asking price?
    The asking price for this property is $479,000.
    What are key features of this property?
    This property features: - Established, turn-key drive-in business (R and R Drive-In) with a strong reputation since 1995.; - Successful, income-producing business in Joseph, Oregon.; - Prime location minutes from Wallowa Lake.
    (541) 426-3026
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    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
    301 N Lake St Joseph, OR 97846
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