301 Lake St Joseph, OR 97846

This exceptional opportunity presents the chance to acquire a thriving drive-in restaurant in Joseph, Oregon. Established in 1995, this single-story, 1,586 square foot building boasts a prime location and consistent profitability, reflected in its 3.81% cap rate and $15,245 net operating income (NOI). The property includes all business assets and inventory. The land is held under a month-to-month ground lease, offering flexibility and the unique advantage of a first right of refusal should the land ever be offered for sale. The building itself is strategically designed for potential relocation, adding to its long-term value. This is a turnkey operation, perfect for an experienced restaurateur seeking a well-established business with significant upside potential. The permitted commercial zoning ensures operational flexibility. The asking price is $399,900, and the current lease expires January 1, 2025. This is a rare opportunity to own the only drive-thru restaurant in Joseph, Oregon, a community that has supported this business since its inception. The sale includes the building, business, and inventory.