0 Nwc Of Hwy 20 & Rail Way Sisters, OR 97759
This exceptional 0.77-acre commercial land parcel in Sisters, Oregon, presents a unique investment opportunity. Located at the Northwest corner of Highway 20 and Rail Way (97759), this property boasts a Highway Commercial (HC) zoning designation. The site is strategically positioned as the first sit-down restaurant location entering Sisters from the west, benefiting from the high volume of traffic—over five million cars annually—passing through the town. A significant advantage is the existing site plan approval, streamlining the development process. The property includes 25 parking spaces and is ideally situated near established businesses, including a brand new 39-room hotel (built May 2019), McDonald's, a Chevron gas station, and Ray's Food Market. This location offers excellent visibility and accessibility, making it an attractive proposition for a variety of commercial ventures. Furthermore, the site holds one of only six licenses for a national franchise restaurant within the Highway Commercial Zone, providing a significant competitive edge. The property is conveniently located between the Best Western and GrandStay Hotel and Suites, ensuring high foot traffic and visibility. Asking price is $995,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
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