105 Main StHalfway, OR 97834

Property Details for 105 Main St

Year built

1950

Lot size

0.14 AC

Property size (Sq ft)

4,352 SF

Zone code

C/R; COMM/RESIDENTIAL

Property type

Retail properties

Property subtype

Turn key restaurants

APN

08S4608DC 2600

APU

08S4608DC2600

Description

This exceptional commercial property, located at 105 N MAIN St in the charming town of Halfway, Oregon, presents a unique investment opportunity. Spanning 4,351 square feet on a 0.14-acre lot, this well-established business boasts a rich history as Wild Bill's restaurant and saloon-style bar. Situated in the heart of downtown Halfway, the property benefits from high visibility and convenient access. The building has undergone significant recent improvements, including a brand-new roof, HVAC system, and hood vent, ensuring optimal functionality and efficiency. A state-of-the-art air suppression system is also in place, enhancing safety and security. The property's long-standing reputation as a popular dining and entertainment destination within the close-knit Halfway community provides a solid foundation for continued success. This turnkey operation offers a rare chance to acquire a thriving business with significant recent upgrades, perfectly positioned to capitalize on the unique appeal of Halfway's small-town atmosphere. The asking price is $299,900. This represents a compelling investment opportunity for those seeking a profitable venture in a desirable location. The property's size, location, and recent renovations make it an attractive proposition for both seasoned entrepreneurs and first-time business owners. The established clientele and strong community ties offer a significant advantage in the competitive market.

• CAP approach

  CAP return

  Valuation

  6%

  $1,303,586

  6.5%

  $1,203,310

  7%

  $1,117,360

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,338,282

  Geo Method

  $2,338,282

• Alternative Use

  Use

  Valuation

  Residential

  $1,015,037

  Hospitality

  $929,769

  Educational

  $773,557

  Medical

  $800,160

  Retail

  $1,203,310

Location Insight

City

Halfway

County

Baker

State

Oregon

Latitude

44.8774

Longitude

-117.11

Property Tax & Assessments

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