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    OFF-MARKET
    Retail space

    309 Main St, Riddle, OR 97469-8613

    3,000 SF 0.07 ac lot Built 1921
    Individually Owned 5-yr Hold ~ Est. High Equity
    Property ID
    US71-0393852
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1921
    Total area 3,000 SF
    Lot 0.07 ac (3,049 SF)
    APN 30-06W-24BC-06000
    UPID US71-0393852
    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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    by Request
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    Owner & transaction history
    Elsa Garcia · 5 yrs held
    Elsa Garcia
    since 2020
    Last sale
    $160,000
    4 recorded transactions
    2020
    $160,000
    2017
    2017
    $23,500
    2017
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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