617 Main St - Storefront Retail/Residential FOR SALE


Klamath Falls, OR 97601
$495,000 USD
541-887-8327
617 Main St, Klamath Falls, OR for Sale
$495,000 USD
Storefront Retail/Residential - FOR SALE
1/50
null | Request Cap Rate

617 Main St
Klamath Falls, OR 97601


HIGHLIGHTS

  • 8,311 SF mixed-use downtown building with 4,756 SF commercial space and a separate 3,555 SF residential unit
  • Fully equipped commercial kitchen with Type I hood, walk-in cooler, refrigeration, prep areas, and owner-owned restaurant equipment included
  • Multiple dining, bar, gathering, and event areas supporting restaurant, hospitality, entertainment, and other commercial uses
  • Prominent Main Street location adjacent to city public parking with rear alley access
  • Vacant and well suited for an owner-user, investor, or mixed commercial/residential income strategy

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$495,000 USD

PRICE/SF

$60 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Restaurant, Storefront, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

GC

APN/PARCEL ID

R412770

ASK ABOUT THIS PROPERTY

Justin SparksColdwell Banker Holman Premier RealtyMore Info
541-887-8327

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Justin SparksColdwell Banker Holman Premier RealtyMore Info
541-887-8327

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.