Restaurant and Event
For Sale
$475,000
209 TEMPLETON St, Brownsville, OR 97327
CommercialSale, Brownsville, OR
Property Size1,734 SF
Lot Size0.42 Acres
Price / SF$273.93
Days on Market95
Property Features for 209 TEMPLETON St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
commerc
Directions
Hwy 228 one block East of Main, North on Templeton, property on the right at the end of the road.
Subdivision
_221
Standard status
Active
APN
0352936
Size
1,734 SF
Lot size
0.42 Acres
Taxes and HOA fees
Tax Description
follow in escrow at Cascade Title
Tax Annual Amount
4373
Legal Description
follow in escrow at Cascade Title
Utilities
Heating system
Forced Air, Heat Pump (Heating)
Cooling system
Heat Pump
Amenities
dining areas
bar
extra room/bath with outside entrance
separate attached building
yard
storage units
Building Details
Year built
2005
Floors in Building
1
Building materials
LapSiding, WoodComposite, WoodFrame
Roof type
Composition
Listing Agency:
Curtis Irving Realty Group
Listed By:
Curtis Irving · License #780301871
(541) 554-5914
Added: Jul 3
Changed: Sep 13
Last Checked: Oct 5 at 5:06PM
MLS# 322723863
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,734-square-foot restaurant and event property was built in 2005 and includes several dining areas arranged for events of varying sizes. The improvements feature a commercial kitchen, a compact bar area, and an additional room with a bathroom and separate exterior access. That space is identified for owner use or an Airbnb rental. A connected secondary building adds another room and bathroom, while two exterior storage units provide additional on-site utility.
The 0.42-acre property also includes a large yard for outdoor events and a private parking lot accommodating up to 16 cars. Construction includes lap siding, wood composite, and wood framing, with heat pump and forced-air heating, heat pump cooling, and a composition roof. Zoning is listed as commerc.
The 0.42-acre property also includes a large yard for outdoor events and a private parking lot accommodating up to 16 cars. Construction includes lap siding, wood composite, and wood framing, with heat pump and forced-air heating, heat pump cooling, and a composition roof. Zoning is listed as commerc.
Key Highlights
- 1,734‑square‑foot restaurant and event property on 0.42 acres
- Several dining areas designed for differently sized events
- Commercial kitchen and bar area included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,546
Cap Rate
6.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$570,920
$570.9K
Cap Rate 7%
$407,800
$407.8K
Cap Rate 9%
$317,178
$317.2K
Market Conditions
NOI Build-Up for 1,734 SF
Gross rent
$56.0K $32.28/SF
− Vacancy
−$17.9K −$10.33/SF
EGI
$38.1K $21.95/SF
− OpEx
−$9.5K −$5.49/SF
NOI
$28.5K $16.46/SF
Area
Linn County, OR
Vacancy
32.00%
Lease Rate
$32.28 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$570,920
Cap Rate 7%
$407,800
Cap Rate 9%
$317,178
Alternative Uses
Best Use
Specialty Retail
$407.8K
$356.8K – $475.8K
NOI $28,546 @ 7.0% cap · market cap 6.01%
Second Best
Industrial
$250.0K
$218.7K – $291.7K
NOI $17,499 @ 7.0% cap · market cap 3.68%
Theoretical Best
Office A
$505.1K
$442.0K – $589.3K
NOI $35,360 @ 7.0% cap · market cap 7.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
167
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 97327, OR
3,053
Population
1,407
Households
2.2
Avg Household Size
46
Median Age
28%
College-Educated
96%
High-School Grad
71.7 sq mi
ZIP Area
43
Density / Sq Mi
$83,051
Median Household Income
$45,667
Median Earnings
$1,015
Median Rent
$376,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Multi-area dining property with a commercial kitchen, bar, event yard, and attached ancillary spaces.
Where is this conventional restaurant located?
The property is located at 209 TEMPLETON St Brownsville, OR.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 1,734‑square‑foot restaurant and event property on 0.42 acres; Several dining areas designed for differently sized events; Commercial kitchen and bar area included
