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    OFF-MARKET
    Turn key restaurants

    406 Hwy 11, Pendleton, OR 97801-3408

    2,741 SF 0.28 ac lot Built 1948
    Individually Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US71-0568971
    Property summary
    AI-generated overview

    This exceptional commercial property, located at 406 NE Highway 11, Unit 406 in Pendleton, Oregon, presents a fantastic investment opportunity. Boasting a generous 2,741 square feet of space, this general commercial building sits on a sizable 0.28-acre lot, providing ample room for various business ventures. The property is currently undergoing significant improvements, with the owner actively replacing the roof. This proactive maintenance ensures a worry-free experience for the new owner, eliminating immediate capital expenditure needs. The strategic location on Highway 11 guarantees high visibility and accessibility, attracting a substantial volume of foot and vehicle traffic. This translates to excellent potential for attracting customers and maximizing business exposure. The property's versatility makes it suitable for a wide range of commercial uses, offering flexibility to adapt to diverse business needs. The asking price of $215,000 represents exceptional value for a property of this size and location, offering a strong return on investment. Don't miss this chance to acquire a well-maintained, high-traffic commercial property in a thriving Oregon community. Serious inquiries are encouraged.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1948
    Total area 2,741 SF
    Lot 0.28 ac (12,197 SF)
    Zoning code C-1
    APN 2N3201CD01200
    UPID US71-0568971
    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
    by Request
    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Shane H Garton · 4 yrs held
    Shane H Garton
    since 2022
    Last sale
    $80,000
    1 recorded transaction
    2022
    $80,000
    Zoning & alternative use
    C-1 · Pendleton, OR
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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