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Property profile & analytics
OFF-MARKET
Turn key restaurants

115 Locust St Oakland, OR 97462-7502

2,520 SF 0.18 ac lot Built 1890
Entity Owned 2-yr Hold Absentee Owner Free & Clear
Property ID
US71-0770332
Property summary
AI-generated overview

This remarkable 5,764 square foot commercial property, situated on a 0.23-acre lot at 115 NE Locust St in Oakland, Oregon, presents a unique investment opportunity. Previously home to the beloved Tolly's Restaurant and Soda Fountain, this historic building boasts a flexible layout ideal for diverse commercial ventures. Imagine transforming this county landmark into your own thriving business. The possibilities are endless, from a restaurant or soda shoppe to an event venue, retail space, or a wine tasting room, perfectly positioned within the renowned Umpqua Valley wine region. The building's character is undeniable, with its charming brick exterior and inviting atmosphere. A significant advantage is the expansive, paved, gated courtyard featuring brick columns and wrought iron fencing. This outdoor space offers considerable potential for expanded seating, hosting events, or simply enhancing the overall ambiance. The central location ensures high visibility and accessibility, promising a strong foundation for success. This property is more than just a building

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1890
Total area 2,520 SF
Lot 0.18 ac (7,841 SF)
APN 25-05W-04CA-05600
UPID US71-0770332
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
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Comparable Approach Comparable
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by Request
Owner & transaction history
Fish Hook LLC · 2 yrs held
Fish Hook LLC
since 2024
5 recorded transactions
2024
Price N/A
2018
$420,000
2013
Price N/A
2011
Price N/A
2007
$503,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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