Two-Story Mixed-Use
For Sale
$186,200
311 N First St, Drain, OR 97435
COMM zoning permits residential use upstairs, supporting a live-work configuration above commercial space.
Property Size4,655 SF
Price / SF$40
Days on Market305
Property Features for 311 N First St
General Information
Standard status
Active
Size
4,655 SF
Property subtype
Commercial
Zoning
COMM
Property Condition
Severity
Minor
Evidence
diamond in the rough
Taxes and HOA fees
Annual Taxes
$674
Amenities
walk-out roof access
Building Details
Building Size
4,655 SF
Year Built
1935
Buildings
1
Stories
2
Listing Agency:
RE/MAX Integrity
(541) 643-9059
Listed By:
Kristine Ronk · License #201239325
(541) 643-9059
Source:
Allprofessionalsre
Added: Oct 20, 2025
Changed: Aug 15
Last Checked: Aug 19 at 3:05PM
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 1935, this 4,655-square-foot, two-story mixed-use building provides commercial space across two levels with the potential for residential occupancy upstairs under COMM zoning. The layout offers separate upper- and lower-level areas, while walk-out roof access adds an unusual additional feature for the property. A new roof is backed by a 20-year warranty.
The building is located at 311 N First St in Drain, Oregon, along Highway OR-38/OR-99 and next to Ray's Food Place. On-street parking serves the property. Its commercial and residential-use configuration creates a flexible framework for an owner-user or operator seeking space that combines business functions with an upstairs living component.
The building is located at 311 N First St in Drain, Oregon, along Highway OR-38/OR-99 and next to Ray's Food Place. On-street parking serves the property. Its commercial and residential-use configuration creates a flexible framework for an owner-user or operator seeking space that combines business functions with an upstairs living component.
Key Highlights
- 4,655‑square‑foot mixed‑use building with two‑story configuration
- COMM zoning permits residential use on the upper level
- New roof backed by a 20‑year warranty
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
138
Businesses Nearby
Explore this area
Business Placement
Demographics for 97435, OR
2,326
Population
1,108
Households
2.1
Avg Household Size
47
Median Age
16%
College-Educated
87%
High-School Grad
99.0 sq mi
ZIP Area
23
Density / Sq Mi
$54,679
Median Household Income
$34,788
Median Earnings
$978
Median Rent
$270,800
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - COMM zoning permits residential use upstairs, supporting a live-work configuration above commercial space.
Where is this mixed-use property located?
The property is located at 311 N First St Drain, OR.
What is the asking price?
The asking price for this property is $186,200.
What are key features of this property?
This property features: 4,655‑square‑foot mixed‑use building with two‑story configuration; COMM zoning permits residential use on the upper level; New roof backed by a 20‑year warranty
