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Property profile & analytics
OFF-MARKET
Retail space

124 Main St Sheridan, OR 97378-1827

0.19 ac lot
Entity Owned Absentee Owner Free & Clear
Property ID
US71-1713069
Property summary
AI-generated overview

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 profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Lot 0.19 ac (8,189 SF)
Zoning code C
APN R5635BA 10600
UPID US71-1713069
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Better Oregon Homes LLC
Better Oregon Homes LLC
since 2026
7 recorded transactions
2026
$57,500
2021
Price N/A
2019
Price N/A
2018
Price N/A
2017
$200,000
2008
$109,264
2007
$100,000
Zoning & alternative use
C · Sheridan, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

The purpose of the C District is to provide areas for a broad range of commercial retail, office and service uses to meet the economic needs of the city and its market area.

Zone name Commercial
General category COMMERCIAL
Zone area 43.98 ac
Source Realmo
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