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    301 Lake St Joseph, OR 97846

    Sponsored
    For Sale
    $479,000

    Established Drive-In, Turn-Key Business

    Property size:
    1,586 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    340
    This exceptional business opportunity presents the chance to own a thriving, established drive-in restaurant located in the heart of Joseph, Oregon. Situated at 301 N Lake St, this 1,586 square foot establishment has been a beloved community staple since 1995, offering a turnkey operation ready for immediate income generation. The property includes the building and the business itself

    Property Features for 301 Lake St

    General Information

    Property type
    Investment properties
    Square Feet
    1,586 SF
    Lot Size
    13,068 SF

    Building Details

    Year Built
    1995
    Property Profile 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
    -117.229
    Latitude
    45.35455

    Nearby Comparable

    • $345,000
      432 SF

      Joseph, OR Commercial Building

      Charming remodeled gallery, ample parking.
      302 Main 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
    • $600,000

      Commercial Land in Joseph, OR

      Three commercial lots available in Joseph, Oregon.
      82 Main St, Joseph, OR 97846
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    • $170,000
      1.24 Acres

      Joseph, OR Commercial Land

      1.24 acre commercial land with mountain views.
      Russell St, Joseph, OR 97846
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    • $950,000
      5,174 SF

      Enterprise Commercial Gem

      Spacious remodeled craftsman, prime location.
      204 Residence St, Enterprise, OR 97828
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    • $259,000
      0.61 Acres

      Commercial Land in Wallowa County

      Commercial lot in Enterprise, Oregon with creekside access.
      River St, Enterprise, OR 97828
      View Details
    • $149,000

      Wallowa Lake Vacant Land

      Vacant lot near Wallowa Lake activities and tram.
      Tram Ln, Joseph, OR 97846
      View Details

    Nearby Similar for Sale

    • $345,000
      432 SF

      Joseph, OR Commercial Building

      Charming remodeled gallery, ample parking.
      302 Main 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?
    Investment property - Established Drive-In, Turn-Key Business
    Where is this investment property located?
    The property is located at 301 Lake St Joseph, OR.
    What is the asking price?
    The asking price for this property is $479,000.
    (541) 426-3026
    Request Owner's contact information
    301 Lake St Joseph, OR 97846
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    Joseph, OR 97846
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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 Lake St Joseph, OR 97846
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