Remodeled Restaurant with Highway
309 SW Main St Winston, OR 97496
309 SW Main St, Winston, OR, 97496
$1,000,000
For Sale
$1,000,000
Turnkey, fully updated restaurant building with 150 feet of highway frontage and 15 dedicated parking spaces.
Property Size2,314 SF
Price / SF$432.15
Days on Market246
Property Features for 309 SW Main St
General Information
- Standard status
- Active
- Size
- 2,314 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1950
Listing agency
J Mann Realty
(541) 643-2549
Listed by
Christina Esterbrook · License #201231415
(541) 643-2549
Source
Allprofessionalsre
Added: Nov 17, 2025 Updated: Jul 20 at 4:27PM Checked: Jul 20 at 4:27PM
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 J Mann Realty
Investment Insights
Based on property information with market context.
This fully remodeled commercial building was formerly operated as a restaurant and offers versatile, open interior space totaling 2,314 square feet. The 2022 remodel included significant upgrades such as plumbing improvements extending to the highway and installation of a new commercial hood vent. A ductless HVAC system was installed in 2024. The property also includes 15 dedicated parking spaces and two outdoor storage containers for additional operational storage.
The building benefits from approximately 150 feet of highway frontage, designed to support strong roadside visibility.
With its updated systems and adaptable layout, the space can be utilized for restaurant or bar concepts, or approached as a mixed-use configuration based on the needs of an incoming user.
The building benefits from approximately 150 feet of highway frontage, designed to support strong roadside visibility.
With its updated systems and adaptable layout, the space can be utilized for restaurant or bar concepts, or approached as a mixed-use configuration based on the needs of an incoming user.
Key Highlights
- 150 feet of highway frontage for strong roadway visibility
- 2,314 SF interior with versatile, open space suited for restaurant, bar, or mixed‑use concepts
- Major remodel completed in 2022 including plumbing improvements (extending to the highway) and a new commercial hood vent
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $39.4k | $17.04 |
| − Vacancy | −$2.1k | −$0.89 |
| EGI | $37.4k | $16.15 |
| − OpEx | −$9.3k | −$4.04 |
| NOI | $28.0k | $12.12 |
2,314 SF · lease $17.04/SF/yr · vacancy 5.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$400.5K
$350.4K – $467.3K
NOI $28,035 @ 7.0% cap · market cap 2.80%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Lilly's Mexican Cuisine
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Turnkey, fully updated restaurant building with 150 feet of highway frontage and 15 dedicated parking spaces.
Where is this conventional restaurant located?
The property is located at 309 SW Main St Winston, OR.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 150 feet of highway frontage for strong roadway visibility; 2,314 SF interior with versatile, open space suited for restaurant, bar, or mixed‑use concepts; Major remodel completed in 2022 including plumbing improvements (extending to the highway) and a new commercial hood vent
