Property profile

Sheridan, OR 97378

OFF-MARKET
Retail properties & Spaces
5,800 SF 0.2 ac lot
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail properties & Spaces
Total area 5,800 SF
Lot 0.2 ac (8,712 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Sheridan, OR 97378
Sheridan metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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