Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    115 NE Locust St, Unit 115 Oakland, OR 97462
    Back to Search
    Property profile & analytics

    115 NE Locust St, Unit 115, Oakland, OR 97462

    View on Map

    • Turn key restaurants
    • 2,520 SF
    • 0.18 lot acres
    Historical Oakland Landmark For Sale For Sale
    $599,000
    5,764 SF

    Historical Oakland Landmark For Sale

    Iconic Oakland building suitable for restaurant, retail, or event venue.

    115 NE LOCUST St Unit 115, Oakland, OR 97462
    View Listing
    Property ID
    US71-0770332
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Turn key restaurants

    Property Details for 115 NE Locust St

    Year built
    1890
    Lot size
    0.18 lot acres
    Property type
    Turn key restaurants
    APN
    25-05W-04CA-05600
    APU
    2505W04CA05600

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 5, 2024 — Fish Hook LLC Vincent Gaeta Bargain & Sale Deed —
    Jun 14, 2018 $420,000 Fish Hook LLC Knight D & P F/tr Warranty Deed —
    Feb 20, 2013 — Knight Donald & Patsy Trust Knight,donald C Quit Claim Deed · related —
    Oct 19, 2011 — Citizens Bk Boutique Culinary LLC Deed In Lieu Of Foreclosure · related —
    Nov 29, 2007 $503,000 Boutique Culinary LLC Tollefson Living Trust Warranty Deed $649k · Citizens Federal Bank Fsb

    Description

    This remarkable 5,764 square foot commercial property, situated on a 0.23-acre lot at 115 NE Locust St in Oakland, Oregon, presents a unique investment opportunity. Previously home to the beloved Tolly's Restaurant and Soda Fountain, this historic building boasts a flexible layout ideal for diverse commercial ventures. Imagine transforming this county landmark into your own thriving business. The possibilities are endless, from a restaurant or soda shoppe to an event venue, retail space, or a wine tasting room, perfectly positioned within the renowned Umpqua Valley wine region. The building's character is undeniable, with its charming brick exterior and inviting atmosphere. A significant advantage is the expansive, paved, gated courtyard featuring brick columns and wrought iron fencing. This outdoor space offers considerable potential for expanded seating, hosting events, or simply enhancing the overall ambiance. The central location ensures high visibility and accessibility, promising a strong foundation for success. This property is more than just a building


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Oakland
    County
    Douglas
    State
    Oregon
    Longitude
    -123.299
    Latitude
    43.4224
    CBSA code
    40700
    CBSA name
    ROSEBURG, OR MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,618
    $0.00
    $0.00
    $184,020
    -
    $80,080
    $333,792
    $413,872
    View Listing
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message