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    OFF-MARKET
    Commercial real estate

    25903 Hwy 126, Veneta, OR 97487-9649

    1.28 ac lot
    Individually Owned 18-yr Hold Free & Clear
    Property ID
    US71-0633040
    Property summary
    AI-generated overview

    This exceptional 3,224 square foot commercial property, situated on 1.28 acres of land at 25903 Highway 126 in Veneta, Oregon, presents a unique investment opportunity. Boasting excellent highway frontage, the property benefits from high visibility and significant traffic flow. Currently operating as a long-established cafe with a rich history, the building features two kitchens, ample storage space, and existing restaurant equipment. A valuable asset is the inclusion of an existing Oregon State Lottery location. All restaurant equipment will be included in the sale, providing a seamless transition for a buyer wishing to continue operations as a restaurant or cafe. The Rural Commercial zoning allows for a diverse range of potential uses, including redevelopment into a gas station, market, RV/boat storage facility, or numerous other commercial ventures. The property's versatility makes it an attractive prospect for various business plans. A lease option is also available at $4000 per month plus property taxes, offering additional income potential. This prime location and flexible zoning make this property an exceptional investment opportunity in a thriving community. The asking price is $920,000.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Lot 1.28 ac (55,757 SF)
    Zoning code RC-RURAL COMMERCIAL
    APN 17-05-32-10-01400-000
    UPID US71-0633040
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Norinn Men · 18 yrs held
    Norinn Men
    since 2008
    3 recorded transactions
    2008
    $482,500
    2006
    $415,000
    1969
    Zoning & alternative use
    RC-RURAL COMMERCIAL · Veneta, OR
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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