For Sale
$969,000

1644 Main StPhilomath, OR 97370

Thriving Restaurant, Turnkey Operation

Overview

Added:
Dec 11, 2024
Days on market:
116
Exceptional opportunity to acquire a well-established restaurant and building in the bustling town of Philomath, Oregon. This 4,039 square foot, single-story building, situated on a 0.28-acre lot at 1644 Main Street, boasts a prime location with high traffic visibility. Built in 1988 and extensively renovated in 2012, the property features ample parking (19 spaces) and is zoned C-2, allowing for diverse commercial uses. The interior includes a spacious main dining area with a separate gallery accommodating up to 40 guests, a large 12x16 walk-in refrigerator, and two restrooms with two stalls each. The building is equipped with two HVAC units and a swamp cooler. The current tenant, a successful restaurant and bakery, offers a turnkey operation, including all kitchen equipment, a smoker, grill, established recipes, and pre-packaged mixes. The business has demonstrated consistent year-over-year sales growth for ten years, even during the COVID-19 pandemic. A dedicated gluten-free menu and mill with ten packaged dry mixes present significant expansion potential. The asking price for the real estate is $969,000. The business is available for an additional $275,000. This is a rare opportunity to own a thriving business with a loyal customer base in a desirable location. The maximum occupancy is 99 persons.

Highlights

  • 1988 Construction Year
  • 19 Parking Spaces
  • C-2 Zoning
  • 4,039 Square Foot Building
  • 0.28-Acre Lot
  • $969,000 Real Estate Asking Price

Property Details for 1644 Main St

Property type
Retail properties, Restaurants
Square Feet
4,039 SF
Year Built/Renovated
1988/2012
Buildings
1
Stories
1
Lot Size (sq. ft)
12,197 SF

Location Insight

City
Philomath
County
Benton
State
Oregon
Latitude
44.539953218826
Longitude
-123.3621672372
1644 Main St, Philomath, Oregon

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1644 Main St
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