76 Goodfellow St Ontario, OR 97914-3042
- Turn key restaurants
- 6,073 SF
- 1.28 lot acres
Current Use by Public Records
- The Burger Den / Delivery Restaurant
Property Details for 76 Goodfellow St
- Year built
- 1979
- Lot size
- 1.28 lot acres
- Property size
- 6,073 SF
- Zone code
- O-C2H
- Property type
- Turn key restaurants
- APN
- 18S4702CC 1300
- APU
- 18S4702CC1300
Description
This exceptional 1.23-acre parcel located at 76 Goodfellow Street in Ontario, Oregon, presents a unique investment opportunity. Currently vacant, this 5,985 square foot site is zoned for a variety of uses, including bank, quick-service restaurant (QSR), or full-service restaurant. The property benefits from a ground lease arrangement and is situated at a signalized intersection of Goodfellow and East Idaho Avenue, ensuring high visibility and accessibility. This strategic location places the property within close proximity to major retailers such as Home Depot, Walmart, Winco, and Walgreens, guaranteeing a strong customer base and significant foot traffic. The substantial lot size offers ample space for development or redevelopment, allowing for flexibility in design and functionality. This property is ideal for entrepreneurs seeking a high-traffic location to establish a new business or for investors looking for a prime development opportunity in a thriving retail corridor. The existing infrastructure and convenient location make this a truly exceptional opportunity to capitalize on the growing commercial market in Ontario, Oregon. The property's versatility and prime location make it an attractive proposition for a wide range of commercial ventures. Don't miss this chance to secure a prominent position in a bustling retail area.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $995,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $960,000
- 6.5%
- $955,000
- 7%
- $985,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,030,000
- Geo Method
- $850,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $775,000
- Retail
- $960,000
- Mixed-Use
- $775,000
- Hospitality
- $1,020,000
- Educational
- $840,000
- Residential Income
- $1,035,000
- Energy
- $1,030,000
- Income-Based Land
- $860,000
- Food Service
- $940,000
Location Insight
- Map
- Local Demand
- City
- Ontario
- County
- Malheur
- State
- Oregon
- Longitude
- -116.943
- Latitude
- 44.0256
- CBSA code
- 36620
- CBSA name
- ONTARIO, OR-ID MICROPOLITAN STATISTICAL AREA