Sheridan, OR 97378
This exceptional 5,800 square foot retail property, formerly known as the Huntley Building, presents a unique investment opportunity in Sheridan, Oregon. Situated on a 0.2-acre lot, this building boasts a prime riverside location with significant potential. The property is approximately 60% complete on a remodel designed for a riverside restaurant. While the interior has seen substantial work, including a fully updated foundation, new electrical wiring (though not yet fully distributed), roughed-in plumbing and electrical outlets, and a roughed-in fire sprinkler system, the exterior remains untouched. This presents a chance for a buyer to customize the exterior to their vision. Importantly, the City of Sheridan offers grant funds specifically for exterior improvements, potentially offsetting renovation costs. Note that the building has been without active subcontractor work for two to three years. The seller is highly motivated and eager to collaborate with qualified buyers to bring this promising project to fruition. This is an excellent chance to acquire a unique property in a desirable location with the potential for substantial return on investment. The asking price is $450,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.