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Property profile & analytics
OFF-MARKET
Retail space

116 Locust St Oakland, OR 97462

1,830 SF 0.05 ac lot Built 1900
Individually Owned 6-yr Hold ~ Est. High Equity
Property ID
US71-0612079
Property summary
AI-generated overview

This exceptional commercial property, located at 116 SE Locust Street in the heart of historic downtown Oakland, Oregon, presents a unique investment opportunity. Spanning 1,830 square feet on a 0.05-acre lot, this building boasts two distinct storefronts ideally situated on a main thoroughfare. One storefront features a fully equipped kitchen area, complete with ample counter space, two bathrooms, a dedicated dishwashing area, and convenient storage. This space is perfect for a restaurant, cafe, or similar food service establishment. The second storefront offers a large, open floor plan, providing endless possibilities for customization and adaptation to a wide range of businesses. Its high ceilings, expansive windows, and exposed brick walls create a captivating atmosphere, brimming with character and charm. The property's prime location within the vibrant downtown area ensures high visibility and accessibility for customers. The asking price for this remarkable property is $350,000. This is a rare chance to own a piece of Oakland's rich history and establish a thriving business in a thriving community. Don't miss this opportunity to own a piece of Oakland's history and create your own success story. The property's unique features and prime location make it an exceptional investment opportunity.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1900
Total area 1,830 SF
Lot 0.05 ac (2,178 SF)
APN 25-05W-04CA-06900
UPID US71-0612079
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
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Robert F Burris · 6 yrs held
Robert F Burris
since 2019
2 recorded transactions
2019
$245,000
2006
$275,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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