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    115 NE Locust St Oakland, OR 97462

    For Sale
    $699,000

    COMMERCIAL - Oakland, OR

    Property size:
    5,764 SF
    Lot size:
    0.23 Acres
    Days on Market:
    33
    Last Refresh:
    Dec 5 at 9:06 pm

    Property Features for 115 NE Locust St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    C
    APN
    R32275
    Size
    5,764 SF
    Lot size
    0.23 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1890
    Floors in Building
    2
    Building materials
    Brick
    Roof type
    Built-Up

    RE/MAX Integrity (541) 673-3272 [email protected]

    Listing agent Jennifer Kramer (541) 673-3272

    Listing date Nov 3, 2025

    Copyright © 2025 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historical Landmark Building in Oakland

    This historical landmark building, previously home to Tolly's Restaurant and Soda Fountain, is located in Oakland. With a flexible layout and 5764 square feet of space, the property is suited for a variety of ventures, including a restaurant, soda shop, event venue, retail space, or wine tasting room. The property is located in the Umpqua Valley wine region. The property features a pavered, gated courtyard with brick columns and wrought iron fencing, offering opportunities for expanded seating or events. The lot size is 0.23 acres. The zoning is C.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage 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
    -123.298825
    Latitude
    43.422216

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    FAQs

    What type of property is this?
    Restaurant - Iconic Oakland building suitable for restaurant, retail, or event venue.
    Where is this restaurant located?
    The property is located at 115 NE Locust St Oakland, OR.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: - Historical landmark building (built in 1890) with unique character.; - Flexible layout suitable for restaurant, retail, event venue, or wine tasting room.; - Previously home to the iconic Tolly's Restaurant and Soda Fountain with established clientele.
    (541) 673-3272
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    Oakland, OR 97462
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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
    115 NE Locust St Oakland, OR 97462
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