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Historic Brick Restaurant Building
For Sale
$599,000

115 NE Locust St, Oakland, OR 97462

County landmark with a gated courtyard and configuration identified for restaurant, retail, event, and wine-tasting uses.

Property Size5,764 SF
Days on Market866

Property Features for 115 NE Locust St

General Information

Standard status Active
Size 5,764 SF
Property subtype Commercial
Zoning C

Taxes and HOA fees

Annual Taxes $3,937

Building Details

Building Size 5,764 SF
Year Built 1890
Buildings 1
Stories 2
Listing Agency: RE/MAX Integrity
Listed By: Jennifer Kramer · License #930800223
Source: Metanars
Added: Apr 17, 2024 Changed: Aug 29 Last Checked: Aug 29 at 3:43PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Integrity

Investment Insights

Based on property information with market context.

Built in 1890, this brick restaurant property carries county landmark status and a distinctive historic character. The flexible interior has previously accommodated Tolly's Restaurant and Soda Fountain and is identified for restaurant, soda shop, event venue, retail, or wine-tasting uses.

A gated, paver-finished courtyard extends the property outdoors, with brick columns and wrought-iron fencing. The courtyard can support expanded seating, events, or additional atmosphere for the establishment. Located in Oakland within the Umpqua Valley wine region, the property combines an adaptable commercial layout with a recognizable historic setting.

Key Highlights

  • 1890‑built brick building with county landmark status
  • Previously operated as Tolly's Restaurant and Soda Fountain
  • Flexible configuration identified for restaurant, soda shop, event venue, retail, or wine‑tasting uses

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Building Supply (Bike/Boat/Book/etc) Store Storage Facility Carpet & Flooring Store Butcher Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

96
Businesses Nearby
Well-served
Demand for This Use

Demographics for 97462, OR

4,130
Population
1,797
Households
2.3
Avg Household Size
52
Median Age
26%
College-Educated
94%
High-School Grad
219.7 sq mi
ZIP Area
19
Density / Sq Mi
$65,032
Median Household Income
$38,338
Median Earnings
$1,205
Median Rent
$377,700
Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - County landmark with a gated courtyard and configuration identified for restaurant, retail, event, and wine-tasting uses.
Where is this conventional restaurant located?
The property is located at 115 NE Locust St Oakland, OR.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 1890‑built brick building with county landmark status; Previously operated as Tolly's Restaurant and Soda Fountain; Flexible configuration identified for restaurant, soda shop, event venue, retail, or wine‑tasting uses
More about this property
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