OR > Drain
Drain, OR 97435,311 N FIRST ST
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MICHELLE MENDOLA

MICHELLE MENDOLA

+1(971) 352-1513
Listed by RE/MAX Integrity
$ 186,200
Est. payment | /mo

4,655 SqFt

Save
$ 186,200
Est. payment | /mo
Save

4,655 SqFt

Key Details

Property Type Commercial

Sub Type Live Work Unit

Listing Status Active

Purchase Type For Sale

Square Footage 4,655 sqft

Price per Sqft $40

MLS Listing ID 384104693

Year Built 1935

Annual Tax Amount $674

Tax Year 2024

Lot Size 2,613 Sqft

Property Sub-Type Live Work Unit

Property Description

Discover an exceptional commercial opportunity that perfectly blends business potential with live-work convenience in charming Drain, Oregon. This impressive 4,655-square-foot building sits strategically along busy Highway OR-38/OR-99, ensuring your future venture enjoys excellent visibility and steady foot traffic from travelers between Eugene and Roseburg.The two-story structure offers incredible flexibility for entrepreneurs ready to make their mark. Whether you envision a bustling restaurant, retail store, fitness center, or unique specialty business, this spacious property provides the canvas for your commercial dreams. The generous downstairs area flows seamlessly into an equally impressive upper level, creating endless possibilities for creative business layouts.What sets this property apart is its live-work potential – zoning permits residential use upstairs, allowing you to literally live above your business and maximize your investment. Picture rolling out of bed and walking downstairs to your thriving enterprise, eliminating commute stress while keeping overhead costs manageable.Recent improvements include a brand-new roof backed by a 20-year warranty, providing peace of mind for years to come. The unique walk-out roof access opens opportunities for outdoor seating, events, or additional business space. Convenient on-street parking ensures customers can easily access your establishment, while the prime location next to Ray's Food Place guarantees steady neighborhood traffic.This building practically begs for renovation magic – bring your vision and watch this diamond in the rough transform into your profitable business venture. With flexible financing options potentially available, including owner-carry possibilities with a $70,000 down payment, your entrepreneurial journey could begin sooner than expected.

Location

State OR

County Douglas

Area _265

Zoning COMM

Interior

Heating Ceiling, Wall Heater

Cooling None

Equipment Furniture

Exterior

View Mountain, Seasonal, Territorial

Roof Type Flat,Membrane

Garage No

Building

Story 2

Sewer Public Sewer

Water Public Water

Level or Stories 2

Others

Acceptable Financing CallListingAgent, Cash, Contract, Conventional, Other, Rehab

Listing Terms CallListingAgent, Cash, Contract, Conventional, Other, Rehab

Regional Multiple Listing Service (RMLS)
MICHELLE MENDOLA

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(971) 352-1513

michelle@pdxpearlrealtor.com

2175 NW Raleigh St Ste 110, Portland, Oregon, 97210, USA

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311 N FIRST ST