Two-Story Live-Work
For Sale
$186,200
311 N FIRST St, Drain, OR 97435
CommercialSale, Drain, OR
Property Size4,655 SF
Lot Size0.06 Acres
Price / SF$40
Days on Market310
Property Features for 311 N FIRST St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
COMM
View
Territorial
Directions
From Roseburg 1-5 N to exit 150, right on W B Ave, left on 1st; From Eugene I-5 S to exit 162 OR-38
Subdivision
_265
Standard status
Active
APN
R21059
Size
4,655 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Description
DRAIN, BLOCK 4, LOT PT 3, ACRES 0.06
Tax Annual Amount
674
Legal Description
DRAIN, BLOCK 4, LOT PT 3, ACRES 0.06
Utilities
Heating system
Ceiling
Amenities
walk-out roof access
on-street parking
Building Details
Year built
1935
Floors in Building
2
Building materials
Concrete, Stucco, WoodSiding
Roof type
Membrane, Flat
Listing Agency:
RE/MAX Integrity · RE/MAX International
(541) 673-3272
Listed By:
Kristine Ronk · License #201239325
(541) 643-9059
Added: Oct 20, 2025
Changed: Aug 25
Last Checked: Aug 25 at 11:06AM
MLS# 384104693
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 two-story live-work building contains 4,655 square feet and was constructed in 1935. The upper floor may be used residentially under COMM zoning, creating an integrated arrangement for commercial and living space. The structure includes concrete, stucco, and wood siding, with ceiling heating and a flat membrane roof.
The property fronts Highway OR-38/OR-99 in Drain, Oregon, and sits beside Ray's Food Place. On-street parking serves the building, while walk-out access to the roof creates an additional exterior area. A recently installed roof carries a 20-year warranty. The building requires renovation, offering a defined improvement project for an owner pursuing a live-work configuration.
The property fronts Highway OR-38/OR-99 in Drain, Oregon, and sits beside Ray's Food Place. On-street parking serves the building, while walk-out access to the roof creates an additional exterior area. A recently installed roof carries a 20-year warranty. The building requires renovation, offering a defined improvement project for an owner pursuing a live-work configuration.
Key Highlights
- 4,655‑square‑foot, two‑story building on a 0.06‑acre lot
- COMM zoning permits residential use on the upper level
- Located along Highway OR‑38/OR‑99 beside Ray's Food Place
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Live-work space - COMM zoning permits residential use on the upper level.
Where is this live-work space 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, two‑story building on a 0.06‑acre lot; COMM zoning permits residential use on the upper level; Located along Highway OR‑38/OR‑99 beside Ray's Food Place
