359 Main StUnion, OR 97883

Property Details for 359 Main St

Year built

1975

Lot size

0.11 AC

Property size (Sq ft)

960 SF

Zone code

UN-C1;GENERAL COMMERCIAL

Property type

Retail space

APN

04S4018CD 3400

APU

04S4018CD3400

Description

This thriving, turn-key restaurant in Union, Oregon, presents a unique investment opportunity. Located at the intersection of OR Hwy 203 and 237, this 960 square foot drive-in diner enjoys a highly visible, prime location directly across from the town's only hotel and adjacent to its only gas station, ensuring consistent high traffic. The property includes a 0.11-acre lot, the building itself, all fixtures and equipment, and existing inventory. The current owner, operating successfully for 28 years, is offering up to 90 days of assistance to facilitate a smooth transition for the new owner. This ensures a seamless handover of operations and allows for a comprehensive understanding of the business's daily workings. Seller financing is available for qualified buyers with a strong credit history and a demonstrated commitment to customer service. This is an exceptional chance to acquire an established, profitable business with significant growth potential, particularly given the strong fall sales season. The opportunity to own and operate a successful restaurant in a desirable location like this doesn't come along often. Don't miss out on this chance to establish yourself in the Union, Oregon community.

• CAP approach

  CAP return

  Valuation

  6%

  $287,556

  6.5%

  $265,436

  7%

  $246,476

• Comparable approach

  Method

  Valuation

  Relative Method

  $515,798

  Geo Method

  $515,798

• Alternative Use

  Use

  Valuation

  Residential

  $223,905

  Hospitality

  $205,096

  Educational

  $170,638

  Medical

  $176,506

  Retail

  $265,436

Location Insight

City

Union

County

Union

State

Oregon

Latitude

45.2108

Longitude

-117.865

CBSA code

29260

CBSA name

LA GRANDE, OR MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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