224 Main StCanyonville, OR 97417

Property Details for 224 Main St

Year built

1938

Lot size

0.39 AC

Property size (Sq ft)

1,728 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

30-05W-27CD-00700

APU

3005W27CD00700

Description

This 1,728 square foot commercial building located at 224 N MAIN St, Canyonville, OR, presents a fantastic investment opportunity. Situated on a 0.39-acre lot, this property boasts a highly desirable location, just minutes away from the Seven Feathers Casino and nearby shopping centers, ensuring high visibility and foot traffic. Previously used as a restaurant and more recently as a thrift store, the building offers immense flexibility for a variety of commercial uses, including but not limited to a restaurant, retail store, or bar. The interior features a serving window and the original restaurant setup is still in place, providing a head start for food-service businesses. The building will be cleared out upon sale, allowing for a fresh start and customization to suit the new owner's needs. The seller is highly motivated and is offering attractive owner financing options with a potential 20-25 year term. This is a rare chance to acquire a well-positioned commercial property in a thriving area with flexible financing terms. The property is priced at $288,000. Don't miss this exceptional opportunity to establish your business in a prime location.

• CAP approach

  CAP return

  Valuation

  6%

  $500,492

  6.5%

  $461,992

  7%

  $428,993

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,115,769

  Geo Method

  $1,115,769

• Alternative Use

  Use

  Valuation

  Residential

  $389,708

  Hospitality

  $356,970

  Educational

  $296,995

  Medical

  $307,209

  Retail

  $461,992

Location Insight

City

Canyonville

County

Douglas

State

Oregon

Latitude

42.9296

Longitude

-123.281

CBSA code

40700

CBSA name

ROSEBURG, OR MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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