224 N Main St, Canyonville, OR

Retail for Sale - $500,000 - 1,783 Sq. Ft. on 0.39 acres


Agent Info

Raymond Coburn

Property Info

CIMLS#1156259
Location
  224 N Main St
  Canyonville OR 97417
UpdatedMarch 8th, 2024
TypeRetail
Price$500,000
Building1,783 Sq. Ft.
Land0.39 acres

Property Description

OPPORTUNITY TO OWN COMMERCIAL PROPERTY !!!

Just a few Blocks away from Seven Feathers Casino !!

Contact listing Agent for more details at 949-891-4426

The property and building only sale the business or name is not included , this property is not currently being leased therefore the income generated is not reflective in any cap due to it not being leased however ownership of this property has a huge potential based on current business and ownership and condition of property gross income is 55,000 yearly as a thrift store income could greatly increase if used as a Bar or Restaurant , as property is not currently being leased a cap rate of just property and building is not available ..

Possible owner carry terms also available with large down ..

This property offers immense business potential and is strategically located just a few blocks away from Seven Feathers Casino in Oregon. Its proximity to the casino makes it an ideal location for a highly successful restaurant, which could significantly increase the capitalization rate. Currently being used as a thrift store for second-hand items, the property has not been stripped of its previous business assets, including a massive exhaust hood for a mainline kitchen, outdoor dining space, and spacious indoor seating.

Additionally, the property boasts ample parking space and is being sold including the land and building. Situated across the street from Ray's Market and Subway, as well as a court office, the location offers high visibility and accessibility, further enhancing its appeal for a thriving restaurant business. Owner Carry terms with also maybe available with a large down


Financials

2nd hand store current owner spread sheet shows 55k gross 25k net , not near reflective of potential of an actual restaurant this is an actual restaurant being used as a 2nd hand store nothing from restaurant was ever stripped all exhaust hoods for kitchen cook line and walk in fridge all still in tact ,, just a few blocks from casino