620 Main St Milton Freewater, OR 97862-1728
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.
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Allstate Insurance Agency
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
C-1 · Milton Freewater, ORMilton Freewater. Always verify with local authorities before improvements.
No recorded transactions found for this property.
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.