115 Locust StOakland, OR 97462

Property Details for 115 Locust St

Year built

1890

Lot size

0.18 AC

Property size (Sq ft)

2,520 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

25-05W-04CA-05600

APU

2505W04CA05600

Description

This remarkable 5,764 square foot commercial property, situated on a 0.23-acre lot at 115 NE Locust St in Oakland, Oregon, presents a unique investment opportunity. Previously home to the beloved Tolly's Restaurant and Soda Fountain, this historic building boasts a flexible layout ideal for diverse commercial ventures. Imagine transforming this county landmark into your own thriving business. The possibilities are endless, from a restaurant or soda shoppe to an event venue, retail space, or a wine tasting room, perfectly positioned within the renowned Umpqua Valley wine region. The building's character is undeniable, with its charming brick exterior and inviting atmosphere. A significant advantage is the expansive, paved, gated courtyard featuring brick columns and wrought iron fencing. This outdoor space offers considerable potential for expanded seating, hosting events, or simply enhancing the overall ambiance. The central location ensures high visibility and accessibility, promising a strong foundation for success. This property is more than just a building

• CAP approach

  CAP return

  Valuation

  6%

  $729,572

  6.5%

  $673,451

  7%

  $625,347

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,627,163

  Geo Method

  $1,627,163

• Alternative Use

  Use

  Valuation

  Residential

  $568,081

  Hospitality

  $520,359

  Educational

  $432,933

  Medical

  $447,822

  Retail

  $673,451

Location Insight

City

Oakland

County

Douglas

State

Oregon

Latitude

43.4224

Longitude

-123.299

CBSA code

40700

CBSA name

ROSEBURG, OR MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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