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Property profile & analytics
FOR SALE
Turn key restaurants

109661 Highway 97 Chemult, OR 97731

1,410 SF 0.37 ac lot Built 1965
Individually Owned 7-yr Hold Absentee Owner Free & Clear
Property ID
US71-0496326
109661 Highway 97, Chemult, OR 97731 For Sale
$140,000 1,410 SF
109661 Highway 97, Chemult, OR 97731
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Property summary
AI-generated overview

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.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1965
Total area 1,410 SF
Lot 0.37 ac (16,117 SF)
Zoning code CT
APN R-2708-021CB-00300-000
UPID US71-0496326
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
William Madewell · 7 yrs held
William Madewell
since 2018
4 recorded transactions
2018
Price N/A
2016
Price N/A
2006
$50,000
2006
$50,000
Zoning & alternative use
CT · Chemult, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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