1644 Main St Philomath, OR 97370-9237

Property Details for 1644 Main St

Year built

1988

Lot size

0.28 lot acres

Property size

4,039 SF

Zone code

C-2

Property type

Turn key restaurants

APN

12612DB03600

APU

12612DB03600

Description

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.

Location Insight

City

Philomath

County

Benton

State

Oregon

Longitude

-123.362

Latitude

44.5397

CBSA code

18700

CBSA name

CORVALLIS, OR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments