1307 Main StOroville, WA 98844

Property Details for 1307 Main St

Year built

1925

Lot size

0.15 AC

Property size (Sq ft)

4,748 SF

Property type

Retail properties

Property subtype

Bars

APN

2010440900

APU

2010440900

Description

This captivating Oroville, WA commercial property, located at 1307 Main Street, presents a unique investment opportunity. Built in 1925 and fully renovated in 2012, this 0.15-acre lot boasts a rich history and significant potential. The centerpiece of the building is a stunning 1901 English bar, a testament to its enduring character. The property's current business model demonstrates consistent yearly growth thanks to a loyal customer base. Expansion possibilities exist, including the potential for a brewery. A modern, well-equipped kitchen is in place, capable of producing high-quality food. A significant advantage is the substantial second-floor space, measuring 2500 square feet, which could be converted into an owner's suite or additional commercial space. The property is priced at $480,000 and offers a blend of historic charm and modern functionality, making it an attractive prospect for a variety of commercial ventures. The building's prime location in Oroville ensures high visibility and accessibility. This is a rare opportunity to acquire a thriving business with significant expansion potential in a desirable location. The property's combination of historical significance and modern amenities makes it a truly exceptional offering.

• CAP approach

  CAP return

  Valuation

  6%

  $1,422,203

  6.5%

  $1,312,803

  7%

  $1,219,031

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,551,049

  Geo Method

  $2,551,049

• Alternative Use

  Use

  Valuation

  Residential

  $1,107,398

  Hospitality

  $1,014,371

  Educational

  $843,945

  Medical

  $872,969

  Retail

  $1,312,803

Location Insight

City

Oroville

County

Okanogan

State

Washington

Latitude

48.9377

Longitude

-119.436

Property Tax & Assessments

FAQs

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