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    OFF-MARKET
    Turn key restaurants

    30771 Hwy 97th N, Chiloquin, OR 97624-9722

    2,610 SF 1.12 ac lot
    Entity Owned 7-yr Hold Free & Clear
    Property ID
    US71-0999143
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Total area 2,610 SF
    Lot 1.12 ac (48,787 SF)
    Zoning code CT
    APN R-3507-028D0-01200-000
    UPID US71-0999143
    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
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Martin-paula LLC · 7 yrs held
    Martin-paula LLC
    since 2019
    1 recorded transaction
    2019
    Zoning & alternative use
    CT · Chiloquin, OR
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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