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115 NE Locust St 5,764 SF 100% Leased Retail Building Oakland, OR 97462 $699,000 ($121.27/SF)
EXECUTIVE SUMMARY
Own the historical crown jewel of Oakland, previous home of Tolly's Restaurant and Soda Fountain! Clientele from all over the nation have loved dining in this iconic establishment for years and years. Boasting a flexible layout, this space is perfectly suited for a variety of ventures, including a restaurant, soda shoppe, event venue, retail space, or wine tasting room in the famous Umpqua Valley wine region. With its central location and abundance of character, this property invites creativity and promises to be the cornerstone of unforgettable experiences. Great outdoor, pavered, gated courtyard with brick columns and wrought iron fencing offers opportunities for expanded seating, events or simply enhancing the overall atmosphere of the establishment. Enjoy the charm of yesteryear by owning this famous brick building, which is a county landmark! Please call for you private tour today!
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,764 SF
Building Class
C
Year Built
1890
Price
$699,000
Price Per SF
$121.27
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.58
Lot Size
0.23 AC
Zoning
Commercial
AMENITIES
- Restaurant
- Tenant Controlled HVAC
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $293,618 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$293,618
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115 NE Locust St
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