124 Main St Sheridan, OR 97378
- Retail space
- 0.19 lot acres
Current Use by Public Records
- Retail space
Property Details for 124 Main St
- Lot size
- 0.19 lot acres
- Zone code
- C
- Property type
- Retail space
- APN
- R5635BA 10600
- APU
- R5635BA10600
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Sheridan
- County
- Yamhill
- State
- Oregon
- Longitude
- -123.395
- Latitude
- 45.0992
- CBSA code
- 38900
- CBSA name
- PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA
