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    515 Rogue River Hwy Grants Pass, OR 97527

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    For Lease
    Contact for pricing

    Restaurant/bar with apartment and redevelopment potential in high-growth area.

    Property size:
    10,885 SF
    Lot size:
    1.08 Acres

    Property Features for 515 Rogue River Hwy

    General Information

    Size
    10,885 SF
    Lot size
    1.08 Acres

    Source: Commercial Realty Advisors Northwest LLC Agent Alex Martinac

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Restaurant/Bar with Redevelopment Potential

    This property, currently operating as a full-service restaurant and bar with a second-floor apartment (available starting in September 2022), is situated in a prime location with high visibility from both Rogue River Highway (Highway 99) and Highway 199. The surrounding area is experiencing high growth, presenting strong redevelopment potential. The City of Grants Pass's General Commercial (GC) zoning allows for drive-thru use. The property benefits from its proximity to tenants such as Safeway, Walgreens, Planet Fitness, Dutch Bros, Les Schwab, and Bi-Mart. Traffic counts for Rogue River Highway are 11,566 ADT. The property size is 10885 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Herb's Restaurant and Shenanigans ... Restaurant

    Suggested Use

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

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

    Similar Places Nearby

    The 238 Bar, Grants Pass Dance Club, Flespy's Bar and Grill, Oasis, Herb's Restaurant and Shenanigans Lounge

    Location Insight

    • Map
    • Local Demand
    City
    Grants Pass
    County
    Josephine
    State
    Oregon
    Longitude
    -123.329285
    Latitude
    42.42448

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    FAQs

    What type of property is this?
    Bar - Restaurant/bar with apartment and redevelopment potential in high-growth area.
    Where is this bar located?
    The property is located at 515 Rogue River Hwy Grants Pass, OR.
    What are key features of this property?
    This property features: - Prime location with high visibility from Rogue River Hwy (Hwy 99) and Hwy 199.; - General Commercial (GC) zoning allows for drive-thru use.; - High growth area with strong redevelopment potential.
    (503) 545-8808
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    515 Rogue River Hwy Grants Pass, OR 97527
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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
    515 Rogue River Hwy Grants Pass, OR 97527
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