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The Wheel Bar & Grill 503 Main St 2,031 SF Retail Building Oregon City, OR 97045 $725,000 ($356.97/SF)
Investment Highlights
- Beautifully Renovated
- Ideal Owner-User Building
- Natural Light
Executive Summary
Rare opportunity to acquire a fully remodeled retail property in the heart of downtown Oregon City, kitty-corner from the transformative Clackamas County Main Street Courthouse redevelopment. This 2,031 SF building was comprehensively renovated within the past five years and rebuilt to near-new condition. Improvements include, but are not limited to, seismic upgrades, new HVAC, updated electrical, insulation, flooring, and custom handcrafted shelving.
The building is currently owner-occupied by the profitable Black Ink Coffee & Tea and White Rabbit Books & Gifts businesses. The asking price includes both the real estate and the businesses, providing a turnkey opportunity for a buyer to continue operating the existing concepts or pursue a new vision. Business inventory is excluded from the sale price.
With a prime downtown location, significant recent capital improvements, and direct exposure to the ongoing revitalization of downtown Oregon City, this property presents a unique owner-user or investment opportunity.
The building is currently owner-occupied by the profitable Black Ink Coffee & Tea and White Rabbit Books & Gifts businesses. The asking price includes both the real estate and the businesses, providing a turnkey opportunity for a buyer to continue operating the existing concepts or pursue a new vision. Business inventory is excluded from the sale price.
With a prime downtown location, significant recent capital improvements, and direct exposure to the ongoing revitalization of downtown Oregon City, this property presents a unique owner-user or investment opportunity.
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
2,031 SF
Building Class
C
Year Built/Renovated
1919/2020
Price
$725,000
Price Per SF
$356.97
Tenancy
Single
Building Height
1 Story
Building FAR
0.93
Lot Size
0.05 AC
Opportunity Zone
Yes
Zoning
MUD - Downtown Mixed Use
Frontage
55’ on Main St
Amenities
- Bus Line
- Signage
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 00572650 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $371,513 |
Property Taxes
Parcel Number
00572650
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$371,513
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The Wheel Bar & Grill | 503 Main St
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