30771 Hwy 97th N, Chiloquin, OR 97624-9722
This exceptional 8.74-acre commercial property in Chiloquin, Oregon, is strategically located on Highway 97, boasting excellent visibility and accessibility. The property offers significant commercial frontage, including a convenient turn lane directly in front, ensuring high traffic exposure. Priced at $480,000, this versatile land presents a unique investment opportunity. Previously home to a towing company and restaurant, the site offers established infrastructure and potential for diverse uses. The property includes two existing wells, adding significant value and utility. The expansive lot size allows for various development possibilities, including the potential for residential construction or even an RV park. With 15 parking spaces and a metal roof on existing structures, this property is ready for your vision. The property features electric heating and window unit air conditioning in existing structures. Its proximity to the Kla-Mo-Ya Casino & Hotel (just three minutes away) further enhances its appeal and potential for increased foot traffic and business opportunities. This prime location in Klamath County, Oregon (zip code 97624) offers a rare chance to acquire a substantial commercial parcel with significant upside potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
CT · Chiloquin, ORChiloquin. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.