4 Main St Joseph, OR 97846-8434
- Commercial real estate
- 6,345 SF
- 0.13 lot acres
Current Use by Public Records
- Arrowhead Chocolates / Dessert Shop / Chocolate Shop
- Root & Rise Rolfing® / Massage Therapist
Property Details for 4 Main St
- Lot size
- 0.13 lot acres
- Property size
- 6,345 SF
- Property type
- Commercial real estate
- APN
- 02S4529CC 8500
- APU
- 02S4529CC8500
Description
This exceptional 6,842 square foot commercial property, situated on 0.13 acres at 4 S South Main Street in the heart of Joseph, Oregon, presents a rare investment opportunity. Built in the early 1900s and extensively renovated between 2018 and 2019, this historic building boasts updated electrical, plumbing, and HVAC systems. Its prime location in this popular tourist destination, often called the "Swiss Alps of Oregon," ensures high visibility and consistent foot traffic. The property features a diverse mix of income-generating spaces, including an anchor tenant, a successful Airbnb, and a year-round apartment, all benefiting from separate entrances for enhanced privacy and convenience. Multiple secondary businesses also occupy the building, contributing to a robust revenue stream. Common areas have been thoughtfully upgraded, creating a welcoming and functional environment for tenants and visitors alike. The anchor tenant, Arrowhead Chocolates, is a thriving artisan chocolate shop, cafe, and retail gift store, and is available for separate purchase. This turnkey operation offers a unique blend of historical charm and modern functionality, making it an ideal investment for those seeking a profitable venture in a rapidly growing community. The property's diverse income streams and prime location position it for continued success and significant return on investment. This is a truly exceptional opportunity to own a piece of Joseph's vibrant commercial landscape.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $280,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $300,000
- 6.5%
- $330,000
- 7%
- $325,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $340,000
- Geo Method
- $315,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $325,000
- Retail
- $345,000
- Mixed-Use
- $280,000
- Hospitality
- $360,000
- Educational
- $365,000
- Residential Income
- $355,000
- Energy
- $335,000
- Income-Based Land
- $335,000
- Food Service
- $335,000
Location Insight
- Map
- Local Demand
- City
- Joseph
- County
- Wallowa
- State
- Oregon
- Longitude
- -117.229
- Latitude
- 45.3522