Corner Restaurant
New
For Sale
$800,000
290 N 3rd St, Harrisburg, OR 97446
An established restaurant property with a long-term occupant and C-1 zoning.
Property Size2,304 SF
Price / SF$347.22
Days on Market3
Property Features for 290 N 3rd St
General Information
Standard status
Active
Size
2,304 SF
Property subtype
Commercial
Zoning
C-1
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$3,028
Building Details
Building Size
2,304 SF
Year Built
1960
Listing Agency:
Premiere Property Group, LLC
Listed By:
Theresa Monahan
(503) 805-7055
Source:
Duanejohnson
Added: Oct 22
Changed: Oct 23
Last Checked: Oct 23 at 5:22PM
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 Premiere Property Group, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This restaurant property in Harrisburg includes a 2,304-square-foot building constructed in 1960. The site occupies a commercial corner and is zoned C-1. A long-term tenant currently occupies the building.
On-site parking is limited, with additional parking options available nearby. The property is located at 290 N 3rd St in Harrisburg, Oregon.
On-site parking is limited, with additional parking options available nearby. The property is located at 290 N 3rd St in Harrisburg, Oregon.
Key Highlights
- 2,304‑square‑foot restaurant building
- C‑1 zoning
- Built in 1960
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,930
Cap Rate
4.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$758,600
$758.6K
Cap Rate 7%
$541,857
$541.9K
Cap Rate 9%
$421,444
$421.4K
Market Conditions
NOI Build-Up for 2,304 SF
Gross rent
$74.4K $32.28/SF
− Vacancy
−$23.8K −$10.33/SF
EGI
$50.6K $21.95/SF
− OpEx
−$12.6K −$5.49/SF
NOI
$37.9K $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%
$758,600
Cap Rate 7%
$541,857
Cap Rate 9%
$421,444
Alternative Uses
Best Use
Specialty Retail
$541.9K
$474.1K – $632.2K
NOI $37,930 @ 7.0% cap · market cap 4.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$671.2K
$587.3K – $783.1K
NOI $46,984 @ 7.0% cap · market cap 5.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
175
Businesses Nearby
18k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 86%
Dining 14%
Dollar General
Shops & Services
7,491 visits/mo
0.1 miles
Dari Mart
Shops & Services
6,451 visits/mo
0.3 miles
SUBWAY
Dining
2,586 visits/mo
0.1 miles
KeyBank
Shops & Services
1,847 visits/mo
0.3 miles
Demographics for 97446, OR
5,067
Population
1,887
Households
2.7
Avg Household Size
39
Median Age
16%
College-Educated
93%
High-School Grad
123.0 sq mi
ZIP Area
41
Density / Sq Mi
$72,065
Median Household Income
$44,363
Median Earnings
$1,172
Median Rent
$318,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - An established restaurant property with a long-term occupant and C-1 zoning.
Where is this conventional restaurant located?
The property is located at 290 N 3rd St Harrisburg, OR.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 2,304‑square‑foot restaurant building; C‑1 zoning; Built in 1960
