Sheridan, OR 97378
- Retail properties
- 5,800 SF
- 0.20 lot acres
Current Use by Public Records
- Retail properties
Property Details
- Lot size
- 0.20 lot acres
- Property size
- 5,800 SF
- Property type
- Retail properties
Description
This exceptional 5,800 square foot retail property, formerly known as the Huntley Building, presents a unique investment opportunity in Sheridan, Oregon. Situated on a 0.2-acre lot, this building boasts a prime riverside location with significant potential. The property is approximately 60% complete on a remodel designed for a riverside restaurant. While the interior has seen substantial work, including a fully updated foundation, new electrical wiring (though not yet fully distributed), roughed-in plumbing and electrical outlets, and a roughed-in fire sprinkler system, the exterior remains untouched. This presents a chance for a buyer to customize the exterior to their vision. Importantly, the City of Sheridan offers grant funds specifically for exterior improvements, potentially offsetting renovation costs. Note that the building has been without active subcontractor work for two to three years. The seller is highly motivated and eager to collaborate with qualified buyers to bring this promising project to fruition. This is an excellent chance to acquire a unique property in a desirable location with the potential for substantial return on investment. The asking price is $450,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Sheridan
- County
- Yamhill
- State
- Oregon
- Longitude
- -123.395
- Latitude
- 45.0994
