204 SE Locust St Oakland, OR 97462
- Retail space
- 6,000 SF
- 0.16 lot acres
Current Use by Public Records
- Stearns True Value Hardware / Tool Repair Shop / Hardware Store
Property Details for 204 SE Locust St
- Lot size
- 0.16 lot acres
- Property size
- 6,000 SF
- Property type
- Retail space
- APN
- 25-05W-04CA-03700
- APU
- 2505W04CA03700
Description
This exceptional turnkey business opportunity presents the chance to acquire Stearns Hardware, a well-established retail store in historic Oakland, Oregon. Located on the main commercial street (204 Locust St), this 11,110 square foot, two-story building sits on a 0.16-acre lot (APN R32651) and is zoned C1. Built in 1892, the property boasts a rich history, having served the community since 1887. The sale includes the business name, all shelving, counters, equipment, a cash register, and an antique safe (a complete list is available upon request). The main floor features display windows, a private office with antique furnishings, a break area with kitchenette appliances, and a half bathroom. A rear freight door and an antique elevator provide convenient access to the spacious second-floor storage area, including a separate enclosed storage room. The property offers significant potential for expansion, with additional display space available in the front of the store. The seller will provide limited assistance with the business transition. This is a rare opportunity to own a piece of Oakland's history and a thriving, established business in a prime commercial location. The asking price is $550,000 ($49.50/sq ft). This is a single-unit, owner-user investment.
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
- Oakland
- County
- Douglas
- State
- Oregon
- Longitude
- -123.298
- Latitude
- 43.422
- CBSA code
- 40700
- CBSA name
- ROSEBURG, OR MICROPOLITAN STATISTICAL AREA
