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Property profile & analytics
OFF-MARKET
Turn key restaurants

224 Main St Canyonville, OR 97417-9644

1,728 SF 0.39 ac lot Built 1938
Individually Owned 7-yr Hold ~ Est. High Equity
Property ID
US71-0879689
Property summary
AI-generated overview

This 1,728 square foot commercial building located at 224 N MAIN St, Canyonville, OR, presents a fantastic investment opportunity. Situated on a 0.39-acre lot, this property boasts a highly desirable location, just minutes away from the Seven Feathers Casino and nearby shopping centers, ensuring high visibility and foot traffic. Previously used as a restaurant and more recently as a thrift store, the building offers immense flexibility for a variety of commercial uses, including but not limited to a restaurant, retail store, or bar. The interior features a serving window and the original restaurant setup is still in place, providing a head start for food-service businesses. The building will be cleared out upon sale, allowing for a fresh start and customization to suit the new owner's needs. The seller is highly motivated and is offering attractive owner financing options with a potential 20-25 year term. This is a rare chance to acquire a well-positioned commercial property in a thriving area with flexible financing terms. The property is priced at $288,000. Don't miss this exceptional opportunity to establish your business in a prime location.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1938
Total area 1,728 SF
Lot 0.39 ac (16,988 SF)
APN 30-05W-27CD-00700
UPID US71-0879689
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
  • Nice Twice Discount Store (Bike/Boat/Book/etc) Store
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
Michael G W Sprague · 7 yrs held
Michael G W Sprague
since 2018
3 recorded transactions
2022
Price N/A
2018
$120,000
2016
$152,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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