Property profile

4265 Main St Springfield, OR 97478

FOR SALE
Commercial real estate
Property ID
US71-0166769
0.2 ac lot
Entity Owned Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property at 4265 Main Street in Springfield, Oregon, presents a rare opportunity for a savvy investor. The iconic McKenzie Cafe, a beloved Springfield diner for over 40 years, occupies this prime location. The property encompasses two tax lots and features two buildings totaling 1,614 square feet, situated on a 0.2-acre lot. Its prominent Main Street address ensures high visibility and accessibility. The restaurant itself is a turnkey operation, ready for immediate use, and boasts a long-standing reputation within the community. The building is equipped with a durable, lifetime membrane roof, minimizing future maintenance costs. The property's CC zoning allows for a variety of commercial uses, making it suitable for diverse business ventures beyond its current configuration. This presents a unique chance to acquire an established business or to redevelop the property to suit your specific needs. The seller is offering financing options, including a seller carry or lease option, for qualified buyers. This is an exceptional opportunity to own a piece of Springfield history and capitalize on a thriving commercial location. The property's strong history, prime location, and flexible options make it an attractive investment.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.2 ac (8,712 SF)
Zoning code CC-COMMUNITY COMMERCIAL
APN 17-02-32-31-02901-000
UPID US71-0166769

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

4265 Main St Springfield, OR 97478
Springfield metro Census 1904 EUGENE-SPRINGFIELD, OR METROPOLITAN STATISTICAL AREA
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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
$310k

Owner & transaction history

Zoning & alternative use

CC-COMMUNITY COMMERCIAL · Springfield, OR

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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