515 Rogue Riv Hwy, Grants Pass, OR 97527-5279
This exceptional commercial property, located at 515 Rogue River Highway in Grants Pass, Oregon, presents a unique opportunity for restaurant entrepreneurs. The entire 10,885 square foot building is currently vacant and available for lease. This multi-tenant building offers two separate suites, providing flexibility for a single large restaurant or the potential for two independent businesses. The property sits on a generous 1.15-acre lot, offering ample space for outdoor seating, parking, or potential expansion. Situated in Josephine County, this location benefits from high visibility and convenient access along the Rogue River Highway, ensuring significant foot and vehicle traffic. The property's size and layout are ideal for a variety of restaurant concepts, from casual dining to upscale establishments. The building's existing infrastructure provides a solid foundation for immediate occupancy, minimizing upfront investment and allowing for a swift launch. This is a rare opportunity to secure a substantial and well-positioned restaurant space in a thriving Oregon community. The property's address is 515 Rogue River Hwy, Grants Pass, OR 97527. The zip code is 97527.
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Herb's Restaurant and Shenanigans Lounge Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
GC; GENERAL COMM · Grants Pass, ORGrants Pass. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.