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    31990 Highway 70 Bonanza, OR 97623

    Sponsored
    For Sale
    $275,000

    Spacious Offices, Updated, Prime Location

    Property size:
    2,820 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 2,820-square-foot commercial building is situated on a 0.33-acre lot in the heart of Bonanza, Oregon, directly adjacent to Big Springs Park and the Lost River. The property boasts six generously sized offices, offering ample space for a variety of business uses, with potential for further division. Recent improvements significantly enhance the property's functionality and appeal. These upgrades include a newly paved parking area, a modern concrete front porch, comprehensive electrical system enhancements, efficient central heating and air conditioning, a covered back deck ideal for outdoor use, added insulation for improved energy efficiency, extensive new flooring throughout, a fully installed phone system, and high-speed broadband internet access. The building sits on a prominent Main Street location, offering excellent visibility and accessibility. This property has a rich history, having previously served as a dry goods store, a butcher shop/meat market, and a real estate office, demonstrating its versatility and enduring appeal. The building's size, location, and recent renovations make it an attractive investment opportunity for a wide range of commercial enterprises. The seller is an Oregon Licensed Real Estate Agent. The asking price is $275,000.

    Property Features for 31990 Highway 70

    General Information

    Property type
    Other commercial real estate
    Square Feet
    2,820 SF
    Lot Size
    14,375 SF

    Building Details

    Year Built
    1928
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Building Supply Hair Salon Spa & Massage Nail Salon Grocery Store Auto Repair Shop Bar & Pub Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Bonanza
    County
    Klamath
    State
    Oregon
    Longitude
    -121.4017
    Latitude
    42.19851

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    FAQs

    What type of property is this?
    Commercial real estate - Spacious Offices, Updated, Prime Location
    Where is this commercial real estate located?
    The property is located at 31990 Highway 70 Bonanza, OR.
    What is the asking price?
    The asking price for this property is $275,000.
    (541) 884-1717
    Request Owner's contact information
    31990 Highway 70 Bonanza, OR 97623
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    Bonanza, OR 97623
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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
    31990 Highway 70 Bonanza, OR 97623
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