45441 MCKENZIE HWYWalterville, OR97489

$588,000
5000 sq. ft
2.5 acres
Acres1to3
Zoning: RC
256 days on market

VestorFilter™

Price per ft²$117.60/ft²
Price per acre$235.2K/ac
Time on market256 days
Smart Fixer ListYes

Property Description

Imagine the possibilities! This is an amazing opportunity to own the building that once housed the oldest restaurant in Lane County, the Riverside. It sits on a stretch of McKenzie Highway that yearns for a restaurant, bar and hotel. The 3 bedroom 2 bath attached apartment offers a great live/work opportunity, or a place for staff or on site chef to stay. The large dining room and separate bar area give plenty of options to let your imagination run wild. There are several income options, including the potential for lottery, 4 motel rooms, and across the highway there is even river frontage on a tax lot that is included that sits wild and natural now, but just imagine what it could be! It is a fixer and ready for your upgrades, and is priced as the fixer it is as it sits. Turn this building into your own business, or turn it into an awesome 7 bedroom house! The possibilities are endless. As the seller makes improvements the price will increase. Get in while the gettin's good and do things your way at this low price.

{{ compliance-logo }}Listing Provided By Windermere RE Lane County

Financial Data

Original Price$588,000
Current Price$588,000
Property Taxes$2,908

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Home Facts

StatusActive
Year Built1932
Stories2
Garage
MLS ID23456775