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Property profile & analytics
OFF-MARKET
Retail space

359 Main St Union, OR 97883-8908

960 SF 0.11 ac lot Built 1975
Individually Owned 2-yr Hold Free & Clear
Property ID
US71-1090784
Property summary
AI-generated overview

This thriving, turn-key restaurant in Union, Oregon, presents a unique investment opportunity. Located at the intersection of OR Hwy 203 and 237, this 960 square foot drive-in diner enjoys a highly visible, prime location directly across from the town's only hotel and adjacent to its only gas station, ensuring consistent high traffic. The property includes a 0.11-acre lot, the building itself, all fixtures and equipment, and existing inventory. The current owner, operating successfully for 28 years, is offering up to 90 days of assistance to facilitate a smooth transition for the new owner. This ensures a seamless handover of operations and allows for a comprehensive understanding of the business's daily workings. Seller financing is available for qualified buyers with a strong credit history and a demonstrated commitment to customer service. This is an exceptional chance to acquire an established, profitable business with significant growth potential, particularly given the strong fall sales season. The opportunity to own and operate a successful restaurant in a desirable location like this doesn't come along often. Don't miss out on this chance to establish yourself in the Union, Oregon community.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1975
Total area 960 SF
Lot 0.11 ac (4,792 SF)
Zoning code UN-C1;GENERAL COMMERCIAL
APN 04S4018CD 3400
UPID US71-1090784
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
Deborah D Ables · 2 yrs held
Deborah D Ables
since 2024
2 recorded transactions
2024
$161,371
2023
Price N/A
Zoning & alternative use
UN-C1;GENERAL COMMERCIAL · Union, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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