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    221 Oregon St Ontario, OR 97914

    Sponsored
    For Sale
    $1,000,000

    High-return retail investment opportunity.

    Property size:
    9,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment property, located at 221 Oregon St in downtown Ontario, Oregon (zip code 97914), presents a unique opportunity to acquire a mixed-use building with significant income potential. The 9,600 square foot building is currently 100% occupied, generating strong cash flow. The main level features a thriving local bar and a cell phone business operating under a modified lease agreement with a remaining term of two years. Ten upstairs studio apartments provide additional rental income, contributing to the property's robust financial performance. The multi-tenant structure offers diversification and built-in resilience. Situated in the heart of downtown Ontario, the property benefits from high visibility and convenient access to local amenities and transportation. This is an ideal investment for those seeking a stable, high-yield asset in a growing Oregon market. The asking price for this turnkey operation is $1,000,000. The property's prime location and diverse income streams make it a compelling investment opportunity with significant upside potential. This is a rare chance to acquire a well-established, profitable property in a desirable downtown location. The current tenants ensure immediate cash flow, minimizing vacancy risk. The property's strong occupancy rate and diverse tenant mix contribute to its financial stability and long-term value.

    Property Features for 221 Oregon St

    General Information

    Property type
    Restaurants
    Square Feet
    9,600 SF

    HighLights

    • Mixed‑use building in downtown Ontario, OR (97914), 9,600 sq ft.
    • 100% occupied, generating strong cash flow.
    • Main level: bar & cell phone business (2‑year lease remaining).
    • Ten upstairs studio apartments provide additional rental income.
    • Asking price: $1,000,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bars

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Ontario
    County
    Malheur
    State
    Oregon
    Longitude
    -116.9626449
    Latitude
    44.0286794

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    FAQs

    What type of property is this?
    Restaurant - High-return retail investment opportunity.
    Where is this restaurant located?
    The property is located at 221 Oregon St Ontario, 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: Mixed-use building in downtown Ontario, OR (97914), 9,600 sq ft.; 100% occupied, generating strong cash flow.; Main level: bar & cell phone business (2-year lease remaining).
    Request Owner's contact information
    221 Oregon St Ontario, OR 97914
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    221 Oregon St
    Ontario, OR 97914
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    221 Oregon St Ontario, OR 97914
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