311 1st St, Drain, OR 97435-0268
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.
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
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.