644 S Main St, Lebanon, OR 97355
COMMERCIAL - Lebanon, OR
- Added:
- Apr 22, 2026
- Days on Market:
- 67
- Last Refresh:
- Jun 27 at 10:06 am
Property Features for 644 S Main St
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Zoning
- CB
- Standard status
- Active
- Size
- 2,555 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2923
Utilities
- Heating system
- Heat Pump (Heating)
Building Details
- Year built
- 1905
- Roof type
- Other
Listing agent LAURA GILLOTT License #920300248 (541) 451-2211
Listing office KELLER WILLIAMS REALTY MID-WILLAMETTE - GILLOTT TEAM 266 E GRANT ST, Corvallis, OR (541) 738-7770
Listing date Apr 22, 2026
Copyright © 2026 Willamette Valley Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Year built 1905 historic theater building
- Class A full‑service restaurant and brewery setup with heat pump HVAC
- 44 inside seats plus mezzanine overlooking the space
- Full‑service kitchen with walk‑in cooler and 14' ceilings
- Back room includes theater stage and event space
- Complete 3‑barrel brewing system with canning equipment, supplies, and ample storage with alley access
Overview
The site offers alley access for operations and logistics. The listing is in Lebanon, Oregon, and is zoned CB.
For operators, this configuration supports food and beverage service alongside on-site brewing and canning, with an interior layout built around dining, bar service, and production. Storage and alley access help streamline back-of-house workflow, while the covered outdoor seating provides an additional service area for guests. The theater-stage/event space also offers flexibility for programming beyond standard dining service.
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 | $82.5k | $32.28 |
| − Vacancy | −$26.4k | −$10.33 |
| EGI | $56.1k | $21.95 |
| − OpEx | −$14.0k | −$5.49 |
| NOI | $42.1k | $16.46 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lebanon
- County
- Linn
- State
- Oregon
- Longitude
- -122.9074818
- Latitude
- 44.5395564
