335 3Rd StLafayette, OR 97127

Property Details for 335 3Rd St

Lot size

0.06 AC

Zone code

C

Property type

Bars

Property subtype

Pubs

APN

R4307BB 02000

APU

R4307BB02000

Description

This 3,029 square foot commercial property at 335 3rd St, Lafayette, OR, presents a unique investment opportunity in the heart of Oregon's wine country. Situated on Pacific Highway (99W), this property enjoys high visibility and excellent frontage, ensuring strong foot and vehicle traffic. Currently operating as a well-established pub, the property is equipped for immediate use or adaptable to a wide range of businesses. The C-1 zoning allows for diverse uses, including restaurants, bars, retail shops, entertainment venues, professional offices, or fitness centers. Features include a fully equipped kitchen, an inviting outdoor patio, multiple televisions, lottery machines, and the option to lease additional entertainment equipment such as pool tables, a jukebox, and pinball machines. Twelve convenient parking spaces are available for customers and staff. The property's proximity to renowned Willamette Valley wineries makes it an ideal location for a restaurant, retail establishment, or other commercial venture. This turnkey opportunity offers the flexibility to continue its current operation or reinvent the space to suit a new business vision. The asking price is $900,000.

• CAP approach

  CAP return

  Valuation

  6%

  $648,139

  6.5%

  $598,282

  7%

  $555,547

• Comparable approach

  Method

  Valuation

  Relative Method

  $952,585

  Geo Method

  $1,164,724

• Alternative Use

  Use

  Valuation

  Residential

  $504,673

  Hospitality

  $462,278

  Educational

  $384,610

  Medical

  $397,837

  Retail

  $598,282

Location Insight

City

Lafayette

County

Yamhill

State

Oregon

Latitude

45.2439

Longitude

-123.115

CBSA code

38900

CBSA name

PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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