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    OFF-MARKET
    Commercial real estate

    109329 The Dalles-California Hwy 97 Hwy, Chemult, OR 97731

    1,907 SF 0.17 ac lot Built 1929
    Property ID
    Property summary
    AI-generated overview

    This exceptional commercial property located at 109329 The Dalles-California Hwy 97 Highway in Chemult, Oregon, presents a unique investment opportunity. The 1,907 square foot building houses a thriving convenience store, operating successfully since 1939, and offering a diverse range of products and services including groceries, liquor, and a deli. A key advantage is the existing hunting and fishing license sales, providing a consistent revenue stream. The property boasts excellent highway frontage, ensuring high visibility and accessibility for customers. Adding to the appeal is a substantial 1,612 square foot manufactured home situated on the 0.17-acre lot. This home includes a shop/garage, offering versatile options. The property presents a compelling opportunity for owner-occupancy, allowing for both business operation and comfortable living. Alternatively, the manufactured home could be rented out, generating additional income. The asking price for this established business and residential combination is $295,000. This turnkey operation offers a rare blend of commercial and residential real estate, providing a solid foundation for future growth and profitability in a well-established community. The property's history and diverse revenue streams make it an attractive investment for those seeking a stable and potentially lucrative venture.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1929
    Total area 1,907 SF
    Lot 0.17 ac (7,405 SF)
    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
    Current use
    Occupant on record · Public records
    • Isalis (Bike/Boat/Book/etc) Store
    • Party City Party Supply Store (Bike/Boat/Book/etc) Store
    • Skunk Funk Big Box & Wholesale Store
    • Carl's Trading Co Hat Shop
    • Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
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    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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