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    1619 1St St Hermiston, OR 97838

    Sponsored
    For Sale
    $2,000,000

    Prime Hermiston restaurant, high traffic location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Hermiston restaurant building presents a lucrative investment opportunity. Located at 1619 N 1st St, Hermiston, OR 97838, this property boasts a prime retail location within a thriving commercial area, surrounded by established national and local retailers. The 1.48-acre lot offers ample parking, a significant advantage given the high daily traffic count of over 18,600 vehicles. The building itself is offered for sale at $2,000,000, and the sale includes only the building and land

    Property Features for 1619 1St St

    General Information

    Property type
    Restaurants
    Lot Size
    64,469 SF

    HighLights

    • First Street frontage.
    • Adjacent 10,534 SF parcel available for sale or lease.
    • High‑traffic retail location with abundant parking.
    • 18,600 average daily traffic count.
    • Available for lease at $8,500 per month, NNN.
    Property Profile Location Intelligence

    Current Use by Public Records

    Delish Bistro Restaurant mavericks Hamburger Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Hermiston
    County
    Umatilla
    State
    Oregon
    Longitude
    -119.291355
    Latitude
    45.853257

    Nearby Comparable

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      Hermiston, Oregon Popeyes For Sale

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      Hermiston Office Building For Sale

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      Hermiston Retail Building - Prime Location

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    FAQs

    What type of property is this?
    Restaurant - Prime Hermiston restaurant, high traffic location.
    Where is this restaurant located?
    The property is located at 1619 1St St Hermiston, OR.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: First Street frontage.; Adjacent 10,534 SF parcel available for sale or lease.; High-traffic retail location with abundant parking.
    Request Owner's contact information
    1619 1St St Hermiston, OR 97838
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    Hermiston, OR 97838
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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
    1619 1St St Hermiston, OR 97838
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