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    OFF-MARKET
    Retail space

    311 1st St, Drain, OR 97435-0268

    4,655 SF 0.06 ac lot Built 1935
    Individually Owned 6-yr Hold Free & Clear
    Property ID
    US71-1505235
    Property summary
    AI-generated overview

    This exceptional 4,655-square-foot commercial building presents a unique opportunity in Drain, Oregon. Strategically located on N First Street, directly off Highway OR-38/OR-99, this property benefits from heavy traffic volume between Eugene and Roseburg, providing excellent visibility and accessibility. Situated next to Ray's Food Place, it enjoys a prime location within a well-established commercial area. The two-story structure offers expansive space on both levels, ideal for a variety of uses including retail, restaurant/bar, gym, or other businesses. The building's zoning permits residential use upstairs, creating live/work potential. Ample on-street parking is readily available. A notable feature is the walk-out roof, providing additional outdoor space. The 0.06-acre lot offers convenient access and functionality. This property is priced at $138,900 and represents a significant opportunity for entrepreneurs seeking a high-traffic location with substantial space and versatile zoning. Don't miss this chance to establish your business in a thriving community.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1935
    Total area 4,655 SF
    Lot 0.06 ac (2,614 SF)
    APN 22-05W-17AB-00701
    UPID US71-1505235
    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
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Karie Fugett · 6 yrs held
    Karie Fugett
    since 2020
    Last sale
    $75,000
    1 recorded transaction
    2020
    $75,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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