Property profile

224 N Main St Canyonville, OR 97417

FOR SALE
Turn key restaurants
Property ID
US71-0879689
1,728 SF 0.39 ac lot Built 1938
Individually Owned 8-yr Hold ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Discount Store (Bike/Boat/Book/etc) Store

Location

224 N Main St Canyonville, OR 97417
Canyonville metro Census 200000 ROSEBURG, OR MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$315k

Owner & transaction history

since 2018
3 recorded transactions
2022
Price N/A
2018
$120,000
2016
$152,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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