For Sale
$749,000

115 Locust StOakland, OR 97462

Iconic Restaurant, 5,764 SF, $749,000

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 5,764 square foot restaurant property, located at 115 Locust Street in Oakland, Oregon, presents a unique investment opportunity. Built in 1890, this two-story brick building sits on a 0.23-acre lot and is zoned C, offering flexibility for a variety of uses. Previously home to the renowned Tolly's Restaurant and Soda Fountain, the property boasts a rich history and established clientele. The flexible layout is ideal for a restaurant, soda shop, event venue, retail space, or wine tasting room, capitalizing on its location in the Umpqua Valley wine region. The building's character is enhanced by a charming outdoor paved courtyard, complete with brick columns and wrought iron fencing, providing ample space for expanded seating or events. This county landmark offers a blend of historical significance and modern potential, promising a strong return on investment. The asking price is $749,000, translating to $129.94 per square foot. This is a rare chance to own a piece of Oakland's history and establish a thriving business in a desirable location. The property includes one building.

Highlights

  • 5,764 SF restaurant building on a 0.23-acre lot in Oakland, Oregon.
  • Located at 115 Locust Street, zoned C for flexible use.
  • Historic two-story brick building (1890), previously Tolly's Restaurant.
  • Features a charming paved courtyard with brick columns and wrought iron fencing.
  • Asking price: $749,000 ($129.94/SF).

Property Details for 115 Locust St

Property type
Retail properties, Restaurants
Square Feet
5,764 SF
Year Built
1890
Buildings
1
Stories
2
Lot Size (sq. ft)
10,019 SF

Location Insight

City
Oakland
County
Douglas
State
Oregon
Latitude
43.4222171
Longitude
-123.2988051
115 Locust St, Oakland, Oregon

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115 Locust St
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