Property profile

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

OFF-MARKET
Commercial real estate
1,907 SF 0.17 ac lot Built 1929
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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

Location

109329 The Dalles-California Hwy 97 Hwy Chemult, OR 97731
Chemult metro
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Value estimations

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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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