Downtown Wedding Venue
New
For Sale
$1,150,000
1851 SE Stephens St, Roseburg, OR 97470
The property is currently leased and designated C2, with a downtown location in Roseburg.
Property Size5,816 SF
Price / SF$197.73
Days on Market4
Property Features for 1851 SE Stephens St
General Information
Standard status
Active
Size
5,816 SF
Property subtype
Commercial
Zoning
C2
Additional Details
Opportunity Zone
Yes
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$6,462
Amenities
lawn
amphitheater-style space
historic pavilion structure
wood-fired pizza oven
bar area
Building Details
Building Size
5,816 SF
Year Built
1891
Buildings
3
Stories
2
Listing Agency:
Keller Williams Southern Oregon-Umpqua Valley
Listed By:
Mary Gilbert · License #951100030
(541) 204-4646
Source:
Duanejohnson
Added: Oct 21
Changed: Oct 23
Last Checked: Oct 23 at 12:03PM
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 Keller Williams Southern Oregon-Umpqua Valley
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Investment Insights
Based on property information with market context.
Located in downtown Roseburg, this 5,816-square-foot property was built in 1891 and is designated C2. The property is currently leased and is being offered as real estate only.
The property information describes grounds and indoor and outdoor areas associated with event, retail, and hospitality concepts. Any future use or changes would be subject to lease terms and approvals.
The property information describes grounds and indoor and outdoor areas associated with event, retail, and hospitality concepts. Any future use or changes would be subject to lease terms and approvals.
Key Highlights
- 5,816 square feet
- Built in 1891
- C2 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,251
Cap Rate
6.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,385,020
$1.4M
Cap Rate 7%
$989,300
$989.3K
Cap Rate 9%
$769,456
$769.5K
Market Conditions
NOI Build-Up for 5,816 SF
Gross rent
$104.7K $18.00/SF
− Vacancy
−$5.8K −$0.99/SF
EGI
$98.9K $17.01/SF
− OpEx
−$29.7K −$5.10/SF
NOI
$69.3K $11.91/SF
Area
Douglas County, OR
Vacancy
5.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,385,020
Cap Rate 7%
$989,300
Cap Rate 9%
$769,456
Alternative Uses
Best Use
Retail
$989.3K
$865.6K – $1.15M
NOI $69,251 @ 7.0% cap · market cap 6.02%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.01M
$880.8K – $1.17M
NOI $70,463 @ 7.0% cap · market cap 6.13%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
398
Businesses Nearby
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Business Placement
Demographics for 97470, OR
20,160
Population
8,872
Households
2.3
Avg Household Size
44
Median Age
21%
College-Educated
92%
High-School Grad
180.9 sq mi
ZIP Area
111
Density / Sq Mi
$53,875
Median Household Income
$32,461
Median Earnings
$1,037
Median Rent
$246,500
Median Home Value
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Wedding venue - The property is currently leased and designated C2, with a downtown location in Roseburg.
Where is this wedding venue located?
The property is located at 1851 SE Stephens St Roseburg, OR.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 5,816 square feet; Built in 1891; C2 zoning
