774 Main StSpringfield, OR 97477
- Commercial real estate
- 0.27 AC
Property Details for 774 Main St
- Lot size
- 0.27 AC
- Zone code
- MUC-MIXED USE COMMERCIAL
- Property type
- Commercial real estate
- APN
- 17-03-35-42-05400-000
- APU
- 1703354205400000
Description
This exceptional commercial property, located at 774 Main Street in the vibrant heart of Springfield, Oregon, presents a unique investment opportunity. Boasting 1,770 square feet of space, this building is ideally situated within Springfield's bustling dining district. The expansive interior features impressive 12-foot walls, providing a sense of spaciousness and versatility. A significant advantage is the inclusion of 13 dedicated parking spaces, a rare find in this desirable downtown area, with potential for expansion. The layout is thoughtfully designed, with approximately 1,060 square feet dedicated to dining/counter space, complemented by a well-equipped kitchen, ample storage, and convenient facilities totaling approximately 710 square feet. The property also benefits from a newer roof, installed in 2019, ensuring long-term structural integrity. A ready-to-go drive-through option adds significant flexibility, potentially serving as an outdoor dining area or additional parking. Two universal restrooms cater to diverse needs. This property is perfectly suited for a variety of culinary ventures, from a sophisticated restaurant to a lively bar, offering endless possibilities for a discerning entrepreneur. The 0.28-acre lot provides ample space. The owner is motivated to sell but will consider a lease with an option to purchase. This is a truly exceptional opportunity to establish a thriving business in a prime Springfield location.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $2,758,451
- Hospitality
- $2,526,726
- Educational
- $2,102,207
- Medical
- $2,174,505
- Retail
- $3,270,099
Location Insight
- City
- Springfield
- County
- Lane
- State
- Oregon
- Latitude
- 44.0464
- Longitude
- -123.016
- CBSA code
- 21660
- CBSA name
- EUGENE-SPRINGFIELD, OR METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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