45441 MCKENZIE HWYWalterville, OR97489

$588,000
7 bedrooms
8 bathrooms
5034 sq. ft
2.5 acres
Acres1to3
Elementary School: Walterville
Middle School: Thurston
High School: Thurston
Zoning: RC
252 days on market

VestorFilter™

Price per ft²$116.81/ft²
Price per acre$235.2K/ac
Price per bedroom$84K/bed
Time on market252 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

Find On Map

Home Facts

StatusActive
Year Built1932
Stories2
Interior Features
Exterior Features
MLS ID23617878