109661 Highway 97Chemult, OR 97731

Property Details for 109661 Highway 97

Year built

1965

Lot size

0.37 AC

Property size (Sq ft)

1,410 SF

Zone code

CT

Property type

Retail properties

Property subtype

Turn key restaurants

APN

R-2708-021CB-00300-000

APU

R2708021CB00300000

Description

This exceptional commercial property, located at 109661 Highway 97 in Chemult, Oregon, presents a unique investment opportunity. The 1,410 square foot building sits on a 0.37-acre lot and enjoys prime highway frontage, ensuring high visibility and accessibility for any business. The property includes two separate residential lots, ideal for owner occupancy or providing housing for employees or a caretaker. This versatile setup offers significant potential for a variety of commercial ventures. The property is equipped with its own well, providing a reliable water source, and utilizes natural gas for energy. Two septic tanks are also in place. The property is being sold "as is," offering a chance to acquire a well-located commercial space at an attractive price of $150,000. The combination of highway visibility, residential lots, and existing utilities makes this a compelling opportunity for entrepreneurs and investors seeking a foothold in the Chemult market. Don't miss this chance to own a piece of prime commercial real estate in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $424,715

  6.5%

  $392,045

  7%

  $364,042

• Comparable approach

  Method

  Valuation

  Relative Method

  $910,436

  Geo Method

  $910,436

• Alternative Use

  Use

  Valuation

  Residential

  $330,705

  Hospitality

  $302,924

  Educational

  $252,029

  Medical

  $260,697

  Retail

  $392,045

Location Insight

City

Chemult

County

Klamath

State

Oregon

Latitude

43.218

Longitude

-121.783

CBSA code

28900

CBSA name

KLAMATH FALLS, OR MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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