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    FOR SALE
    Retail space

    124 E Main St, Sheridan, OR 97378

    0.19 ac lot
    Entity Owned Absentee Owner Free & Clear
    Property ID
    US71-1713069
    Property summary
    AI-generated overview

    Exceptional investment opportunity in Sheridan, Oregon. This 5,800 square foot, single-story building at 124 E Main St is situated on a 0.2-acre lot and zoned C. Formerly known as the Huntley Building, this property presents a unique chance to complete a partially renovated riverside restaurant. Construction is approximately 60% complete, featuring a new foundation, updated electrical (though not yet fully distributed), roughed-in plumbing and electrical outlets, and a fire sprinkler system. A grease trap has also been installed. While the exterior remains untouched, the City of Sheridan offers grant funds for exterior improvements. The property is vacant and has been in its current state for approximately 2-3 years due to a lack of subcontractor activity. This distressed sale presents a motivated seller eager to collaborate with qualified buyers. Built in 1935 and renovated in 2024 (partially), this building offers endless possibilities for a discerning investor seeking a prime location next to the Yamhill River. The property's APN is 222146. This is an owner/user investment opportunity.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Lot 0.19 ac (8,189 SF)
    Zoning code C
    APN R5635BA 10600
    UPID US71-1713069
    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
    Better Oregon Homes LLC
    Better Oregon Homes LLC
    since 2026
    7 recorded transactions
    2026
    $57,500
    2021
    2019
    2018
    2017
    $200,000
    2008
    $109,264
    2007
    $100,000
    Zoning & alternative use
    C · Sheridan, OR
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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