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Property profile & analytics
OFF-MARKET
Office Spaces

620 Main St Milton Freewater, OR 97862-1728

990 SF 0.08 ac lot Built 1952
Entity Owned Absentee Owner Free & Clear
Property ID
US71-0843969
Property summary
AI-generated overview

This 1,630 square foot mixed-use building at 620 N Main St, Milton-Freewater, OR 97862, presents a unique opportunity for a restaurant, bakery, or cafe. Currently vacant, the property is zoned commercial and boasts five parking spaces. Ideal for entrepreneurs seeking a location in Oregon's burgeoning wine region, this property offers significant potential. The building, formerly a bus terminal, features high ceilings (potentially exceeding 10 feet in the central atrium area) and existing architectural drawings for a restaurant build-out. Some commercial kitchen equipment is available on-site. A substantial $150,000 grant is available for a build-to-suit partnership with the building owner, significantly reducing initial investment costs. Located in close proximity to the Rocks District, this property is perfectly positioned to capitalize on the growing wine tourism industry. The asking price is $299,000. The property will be vacant as of October 11, 2024. This is a chance to establish a premier business in a rapidly developing downtown area. Don't miss this exceptional opportunity to own a piece of Milton-Freewater's exciting future.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1952
Total area 990 SF
Lot 0.08 ac (3,545 SF)
Zoning code C-1
APN 5N3502AD05000
UPID US71-0843969
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
Current use
Occupant on record · Public records
  • Allstate Insurance Agency
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
HOOVER ENTERPRISES LLC & MORGAN CONNIE K
HOOVER ENTERPRISES LLC & MORGAN CONNIE K
Zoning & alternative use
C-1 · Milton Freewater, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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