309 Main St, Riddle, OR 97469-8613
This exceptional 3,000 square foot commercial building is situated on a 0.07-acre lot in the heart of historic downtown Riddle, Oregon, on busy Main Street. Previously operating as a Mexican restaurant, this versatile property presents endless possibilities for a variety of businesses. Substantial upgrades have been completed throughout, including a new roof, water heater, electrical system, drain pipes, water lines, flooring, toilets, sinks, and a newly installed lottery room and kitchen exhaust fan. The main floor boasts a large open dining area, a spacious service area, a clean kitchen, three bathrooms, one shower, and an office/storage area with laundry hookups. Upstairs, a sizable two-bedroom apartment offers a live-in option or potential rental income, complete with a kitchenette, walk-in closet, and bathroom. A large, clean basement provides ample storage space. This property represents a significant investment opportunity in a thriving downtown location. The building's recent renovations minimize upfront capital expenditures, allowing a new owner to focus on business operations. Its prime location and versatile layout make it an ideal choice for entrepreneurs seeking a blend of commercial space and residential convenience. Don't miss this chance to own a piece of Riddle's vibrant downtown. The asking price is $399,000.
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
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.