335 3rd St Lafayette, OR 97127
- Bars
- 0.06 lot acres
Current Use by Public Records
- Roadhouse Pub / Pub / Bar
- S.A.S First Class Roofing / Roofing Contractor
Property Details for 335 3rd St
- Lot size
- 0.06 lot acres
- Zone code
- C
- Property type
- Bars
- Property subtype
- Pubs
- APN
- R4307BB 02000
- APU
- R4307BB02000
Description
This 3,029 square foot commercial property at 335 3rd St, Lafayette, OR, presents a unique investment opportunity in the heart of Oregon's wine country. Situated on Pacific Highway (99W), this property enjoys high visibility and excellent frontage, ensuring strong foot and vehicle traffic. Currently operating as a well-established pub, the property is equipped for immediate use or adaptable to a wide range of businesses. The C-1 zoning allows for diverse uses, including restaurants, bars, retail shops, entertainment venues, professional offices, or fitness centers. Features include a fully equipped kitchen, an inviting outdoor patio, multiple televisions, lottery machines, and the option to lease additional entertainment equipment such as pool tables, a jukebox, and pinball machines. Twelve convenient parking spaces are available for customers and staff. The property's proximity to renowned Willamette Valley wineries makes it an ideal location for a restaurant, retail establishment, or other commercial venture. This turnkey opportunity offers the flexibility to continue its current operation or reinvent the space to suit a new business vision. The asking price is $900,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $780,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $585,000
- 6.5%
- $545,000
- 7%
- $590,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $615,000
- Geo Method
- $670,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $595,000
- Retail
- $695,000
- Mixed-Use
- $540,000
- Hospitality
- $690,000
- Educational
- $625,000
- Residential Income
- $525,000
- Energy
- $640,000
- Income-Based Land
- $625,000
- Food Service
- $695,000
Location Insight
- Map
- Local Demand
- City
- Lafayette
- County
- Yamhill
- State
- Oregon
- Longitude
- -123.115
- Latitude
- 45.2439
- CBSA code
- 38900
- CBSA name
- PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA