Property profile

51 Ml Crk Dr Prospect, OR 97536

OFF-MARKET
Mobile home & RV parks
Property ID
US71-0088918
6,624 SF 8.4 ac lot
Entity Owned 5-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This thriving restaurant presents a fantastic business opportunity in the picturesque town of Prospect, Oregon. Situated on Mill Creek Drive, its convenient highway location makes it an ideal stop for travelers and locals alike. The restaurant boasts a fun and popular menu, having established itself as a community favorite. All kitchen and commercial appliances are included and are in excellent, newer condition, minimizing upfront investment costs. The current lease is highly affordable, providing a significant advantage for the new owner. The sale is contingent upon landlord approval of the prospective buyer. This is a turnkey operation, perfect for an experienced restaurateur looking to acquire an already successful business. The sale includes only the business itself

Property profile

Verified
Property type Mobile home & RV parks
Use group MOBILE HOME PARK, TRAILER PARK
Total area 6,624 SF
Lot 8.4 ac (365,904 SF)
Zoning code RS
APN 1-0513229
UPID US71-0088918

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Campground & RV Park
  • Dog Walker

Location

51 Ml Crk Dr Prospect, OR 97536-9728
Prospect metro Census 2600 MEDFORD, OR METROPOLITAN STATISTICAL AREA
Google Maps

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
$4.56M

Owner & transaction history

since 2021
7 recorded transactions
2021
Price N/A
2019
Price N/A
2019
Price N/A
2016
Price N/A
2005
$700,000
2003
$595,000
1992
$302,640

Zoning & alternative use

RS · Prospect, 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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