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617 Main St 8,311 SF Vacant Retail Building Klamath Falls, OR 97601 $495,000 ($59.56/SF)
Investment Highlights
- 8,311 SF mixed-use downtown building with 4,756 SF commercial space and a separate 3,555 SF residential unit
- Multiple dining, bar, gathering, and event areas supporting restaurant, hospitality, entertainment, and other commercial uses
- Vacant and well suited for an owner-user, investor, or mixed commercial/residential income strategy
- Fully equipped commercial kitchen with Type I hood, walk-in cooler, refrigeration, prep areas, and owner-owned restaurant equipment included
- Prominent Main Street location adjacent to city public parking with rear alley access
Executive Summary
Downtown Klamath Falls mixed-use commercial property offering approximately 8,311 square feet in the heart of the downtown business district. The building is configured with approximately 4,756 square feet of commercial restaurant/event space on the main level and a separate 3,555 square foot residential unit upstairs, creating flexibility for both owner-users and investors.
The main level features an established restaurant and gathering-space layout with multiple dining areas, bar space, event/entertainment areas, and a fully equipped commercial kitchen. Kitchen infrastructure includes a Type I exhaust hood, three commercial deep fryers, walk-in cooler, commercial refrigeration, stainless steel prep areas, dishwasher, storage, and additional owner-owned restaurant equipment intended to convey with the sale. The existing configuration may accommodate a variety of restaurant, hospitality, entertainment, food and beverage, retail, or other commercial concepts, subject to buyer verification of permitted uses.
The separate 3,555 square foot upstairs residential unit is a substantial component of the property and provides options for owner occupancy, employee or executive housing, long-term rental income, or other residential use. The combination of commercial and residential space provides an unusual level of flexibility for a downtown property.
Located along Main Street with strong downtown visibility, the property is adjacent to city public parking and offers rear alley access. The building is currently vacant, allowing a buyer to pursue occupancy, repositioning, or leasing without an existing operating business in place.
The business is not included in the sale. Owner-owned restaurant equipment is intended to convey. Seller financing may be considered with acceptable terms. Buyer to perform all due diligence regarding equipment condition, zoning, permitted uses, residential use, parking, building condition, and intended use.
The main level features an established restaurant and gathering-space layout with multiple dining areas, bar space, event/entertainment areas, and a fully equipped commercial kitchen. Kitchen infrastructure includes a Type I exhaust hood, three commercial deep fryers, walk-in cooler, commercial refrigeration, stainless steel prep areas, dishwasher, storage, and additional owner-owned restaurant equipment intended to convey with the sale. The existing configuration may accommodate a variety of restaurant, hospitality, entertainment, food and beverage, retail, or other commercial concepts, subject to buyer verification of permitted uses.
The separate 3,555 square foot upstairs residential unit is a substantial component of the property and provides options for owner occupancy, employee or executive housing, long-term rental income, or other residential use. The combination of commercial and residential space provides an unusual level of flexibility for a downtown property.
Located along Main Street with strong downtown visibility, the property is adjacent to city public parking and offers rear alley access. The building is currently vacant, allowing a buyer to pursue occupancy, repositioning, or leasing without an existing operating business in place.
The business is not included in the sale. Owner-owned restaurant equipment is intended to convey. Seller financing may be considered with acceptable terms. Buyer to perform all due diligence regarding equipment condition, zoning, permitted uses, residential use, parking, building condition, and intended use.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
8,311 SF
Building Class
C
Year Built
1900
Price
$495,000
Price Per SF
$59.56
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.47
Lot Size
0.13 AC
Opportunity Zone
Yes
Zoning
GC - General Commercial (GC), subject to Downtown Business Zone design standards
Frontage
45’ on Main Street
Amenities
- Courtyard
- Restaurant
- Signage
- Storage Space
- Air Conditioning
- Fiber Optic Internet
- Awning
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | R412770 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $238,760 |
Property Taxes
Parcel Number
R412770
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$238,760
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617 Main St