661 S Main St, Lebanon, OR 97355

Building Details

Year Built

1910

Listing office KELLER WILLIAMS REALTY MID-WILLAMETTE - GILLOTT TEAM

Listing date Apr 2, 2026

Source Tripleoaksrealty

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 KELLER WILLIAMS REALTY MID-WILLAMETTE - GILLOTT TEAM

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Overview

Built in 1910, this historic downtown hotel totals approximately 33,612 SF and includes income-producing street-level retail. The ground floor features four glass-front retail spaces, all currently 100% occupied. The second and third floors are in the process of renovation, positioning the building for additional hotel or apartment use. Upgrades noted include a new membrane roof installed in 2020, along with electrical and plumbing throughout the property. The offering also includes 10 apartment spaces that are 100% occupied.

Located at 661 S Main St in Lebanon, Oregon, the property includes a 0.37-acre off-street parking lot as part of the portfolio. The combination of retail at grade and residential units above can support multiple tenant types under one ownership structure.

For buyers and operators, this asset offers a mixed-use configuration with fully leased ground-floor retail and fully occupied apartment units, while renovations on upper floors provide a pathway to expand use consistent with hotel or apartment operations. The property’s recent roof replacement and system work provide a meaningful baseline for continued capital planning as the upper levels are completed.

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Lebanon

County

Linn

State

Oregon

Longitude

-122.9068433

Latitude

44.539576

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FAQs

What type of property is this?

Hotel - Historic hotel with four glass-front retail suites fully occupied on the ground floor and multifamily income from 10 units.

Where is this hotel located?

The property is located at 661 S Main St Lebanon, OR.

What is the asking price?

The asking price for this property is $4,750,000.

What are key features of this property?

This property features: Historic hotel established in 1910 with approximately 33,612 SF; Ground floor features 4 glass‑front retail spaces, 100% occupied; Second and third floors are in process of renovation for 60+ hotel or apartment spaces