You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
OFF-MARKET
Turn key restaurants

1644 Main St Philomath, OR 97370-9237

4,039 SF 0.28 ac lot Built 1988
Individually Owned 4-yr Hold ~ Est. High Equity
Property ID
US71-0311598
Property summary
AI-generated overview

Exceptional opportunity to acquire a well-established restaurant and building in the bustling town of Philomath, Oregon. This 4,039 square foot, single-story building, situated on a 0.28-acre lot at 1644 Main Street, boasts a prime location with high traffic visibility. Built in 1988 and extensively renovated in 2012, the property features ample parking (19 spaces) and is zoned C-2, allowing for diverse commercial uses. The interior includes a spacious main dining area with a separate gallery accommodating up to 40 guests, a large 12x16 walk-in refrigerator, and two restrooms with two stalls each. The building is equipped with two HVAC units and a swamp cooler. The current tenant, a successful restaurant and bakery, offers a turnkey operation, including all kitchen equipment, a smoker, grill, established recipes, and pre-packaged mixes. The business has demonstrated consistent year-over-year sales growth for ten years, even during the COVID-19 pandemic. A dedicated gluten-free menu and mill with ten packaged dry mixes present significant expansion potential. The asking price for the real estate is $969,000. The business is available for an additional $275,000. This is a rare opportunity to own a thriving business with a loyal customer base in a desirable location. The maximum occupancy is 99 persons.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1988
Total area 4,039 SF
Lot 0.28 ac (12,197 SF)
Zoning code C-2
APN 12612DB03600
UPID US71-0311598
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
Current use
Occupant on record · Public records
  • Eats & Treats Restaurant
  • Little Free Library Charter #120031 Media Distribution
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
Francis David Mchenry · 4 yrs held
Francis David Mchenry
since 2021
Last sale
$32,985
7 recorded transactions
2021
Price N/A
2020
Price N/A
2020
Price N/A
2014
Price N/A
2013
$375,000
2005
Price N/A
1997
$200,000
Zoning & alternative use
C-2 · Philomath, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

C-2 General Commercial Allowed Uses O-R Office/Residential Allowed Uses (A) Bank or financial institution. (B) Church. (C) Day care centers, including family day care homes. (D) Drive-in or drive-through facilities.* (E) Funeral parlor. (F) Fraternal lodge. (G) Membership club. (H) Multifamily and row housing.* (I) Retail sales and service establishments tha…

Zone name General Commercial
General category MIXED_USE
Zone area 58.41 ac
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1644 Main St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
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