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115 Locust St Oakland, OR 97462

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For Sale
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Iconic Restaurant, 5,764 SF, $749,000

Property size:
5,764 SF

Property Features for 115 Locust St

General Information

Property type
Retail properties & Spaces
Square Feet
5,764 SF
Lot Size
10,019 SF

Building Details

Year Built
1890
Buildings
1
Stories
2

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Listing Contact
Jennifer Kramer
Jennifer Kramer

Listing Agency: RE/MAX Integrity Listing Agent: Jennifer Kramer

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

This exceptional 5,764 square foot restaurant property, located at 115 Locust Street in Oakland, Oregon, presents a unique investment opportunity. Built in 1890, this two-story brick building sits on a 0.23-acre lot and is zoned C, offering flexibility for a variety of uses. Previously home to the renowned Tolly's Restaurant and Soda Fountain, the property boasts a rich history and established clientele. The flexible layout is ideal for a restaurant, soda shop, event venue, retail space, or wine tasting room, capitalizing on its location in the Umpqua Valley wine region. The building's character is enhanced by a charming outdoor paved courtyard, complete with brick columns and wrought iron fencing, providing ample space for expanded seating or events. This county landmark offers a blend of historical significance and modern potential, promising a strong return on investment. The asking price is $749,000, translating to $129.94 per square foot. This is a rare chance to own a piece of Oakland's history and establish a thriving business in a desirable location. The property includes one building.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Restaurant Law Firm Building Supply Spa & Massage Center Auto Repair Shop Hair Salon Hotel & Motel Nail Salon Department Store Food Market

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

Location Insight

  • Map
  • Local Demand
City
Oakland
County
Douglas
State
Oregon
Longitude
-123.2988051
Latitude
43.4222171

FAQs

What type of property is this?
Retail property - Iconic Restaurant, 5,764 SF, $749,000
Where is this retail property located?
The property is located at 115 Locust St Oakland, OR.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: 5,764 SF restaurant building on a 0.23-acre lot in Oakland, Oregon.; Located at 115 Locust Street, zoned C for flexible use.; Historic two-story brick building (1890), previously Tolly's Restaurant.
(541) 580-6767 Call to check price and availability
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