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    124 Main St Sheridan, OR 97378

    Sponsored
    For Sale
    Contact for pricing

    Prime Riverside Restaurant Opportunity

    Property size:
    5,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Exceptional investment opportunity in Sheridan, Oregon. This 5,800 square foot, single-story building at 124 E Main St is situated on a 0.2-acre lot and zoned C. Formerly known as the Huntley Building, this property presents a unique chance to complete a partially renovated riverside restaurant. Construction is approximately 60% complete, featuring a new foundation, updated electrical (though not yet fully distributed), roughed-in plumbing and electrical outlets, and a fire sprinkler system. A grease trap has also been installed. While the exterior remains untouched, the City of Sheridan offers grant funds for exterior improvements. The property is vacant and has been in its current state for approximately 2-3 years due to a lack of subcontractor activity. This distressed sale presents a motivated seller eager to collaborate with qualified buyers. Built in 1935 and renovated in 2024 (partially), this building offers endless possibilities for a discerning investor seeking a prime location next to the Yamhill River. The property's APN is 222146. This is an owner/user investment opportunity.

    Property Features for 124 Main St

    General Information

    Property type
    Individual retail properties
    Square Feet
    5,800 SF
    Lot Size
    8,712 SF

    Building Details

    Year Built/Renovated
    1935/2024
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • Exceptional Riverside Investment Opportunity
    • Recent upgrades include foundation work, electrical systems, and grease trap replacement.
    • Price available upon request.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bars

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Sheridan
    County
    Yamhill
    State
    Oregon
    Longitude
    -123.3946188
    Latitude
    45.0992471

    Nearby Comparable

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    Nearby Similar for Sale

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      240 NW Washington St, Sheridan, OR 97378
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      Move-In Ready Home Near Downtown

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      Sheridan Riverside Redevelopment Opportunity

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      Heider Building: Sheridan, OR

      Mixed-use building, prime location.
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    FAQs

    What type of property is this?
    Individual retail property - Prime Riverside Restaurant Opportunity
    Where is this individual retail property located?
    The property is located at 124 Main St Sheridan, OR.
    What are key features of this property?
    This property features: Exceptional Riverside Investment Opportunity; Recent upgrades include foundation work, electrical systems, and grease trap replacement.; Price available upon request.
    Request Owner's contact information
    124 Main St Sheridan, OR 97378
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    Sheridan, OR 97378
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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
    124 Main St Sheridan, OR 97378
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