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    1585 53Rd St Corvallis, OR 97333

    Sponsored
    For Sale
    $180,000

    Turnkey Restaurant, High Traffic Area

    Property size:
    2,615 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This thriving restaurant business presents a fantastic opportunity for an ambitious entrepreneur. Located in a bustling Corvallis plaza at 1585 SW 53rd St, this established eatery boasts a spacious 2,615 square foot interior, including a fully equipped commercial kitchen. The property sits on a generous 1.93-acre lot providing ample on-site parking for patrons and convenient access for employees. The restaurant comfortably seats approximately 50 guests in the main dining area, with an additional small party room accommodating up to 12 more diners, perfect for private events or larger groups. Its prime location offers significant advantages, being only about 5 minutes from the Oregon State University campus, ensuring a consistent flow of students and faculty. Currently operating with three full-time employees, this well-established business is ready for a new owner to take the reins. The sale includes the business only

    Property Features for 1585 53Rd St

    General Information

    Property type
    Investment properties
    Square Feet
    2,615 SF
    Lot Size
    84,071 SF

    Building Details

    Year Built
    1998
    Property Profile Location Intelligence

    Current Use by Public Records

    Uncle Sun Chinese Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Corvallis
    County
    Benton
    State
    Oregon
    Longitude
    -123.3103
    Latitude
    44.55007

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    FAQs

    What type of property is this?
    Investment property - Turnkey Restaurant, High Traffic Area
    Where is this investment property located?
    The property is located at 1585 53Rd St Corvallis, OR.
    What is the asking price?
    The asking price for this property is $180,000.
    (503) 353-6673
    Request Owner's contact information
    1585 53Rd St Corvallis, OR 97333
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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
    1585 53Rd St Corvallis, OR 97333
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