309 Main StRiddle, OR 97469

This exceptional 3,000 square foot commercial property, located at 309 Main St, Riddle, OR 97469, presents a unique investment opportunity. The building, constructed in 1921 and extensively renovated in 2018, sits on a 3,049 square foot lot and is zoned C3. Currently operating as a restaurant and bar, the property boasts a 100% occupancy rate and a pro-forma NOI of $150,000, resulting in a compelling 32.68% pro-forma cap rate. The asking price is $459,000, or $153 per square foot. The sale includes some fixtures, but the business itself is not transferable. The property features a large dining area, a studio apartment upstairs, a main floor shower stall, and ample on-street parking. Additional space is available in the basement and attic. Owner carry terms are available with a $90,000 down payment at 9.5% interest over 8-10 years. Financial details are available upon request. While the current Oregon Lottery approval is not transferable, the property's location and existing infrastructure offer significant potential for a variety of commercial uses. This is a turnkey opportunity for an owner-user or investor seeking a high-return property in a desirable location.