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$558,000

Beds
7
Baths
8.0
sq ft
5,034

45441 McKenzie Hwy, Walterville, OR 97489

45441 McKenzie Hwy

Walterville, OR 97489

  • 188 days on market
    • Price drop $30,000↓
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.

Details

Property type

Single Family Residence

Est. home value

$704,986

Property condition

Fixer

Lot size

2.5 acres

Price per sq ft

$111

Year built

1932

Annual property taxes

$3,039.78

Price History

09/16/2024
PortlandOR

PortlandOR #24506870

Listed
$558,000
09/16/2024
PortlandOR

PortlandOR #24506870

Removed
$558,000
08/17/2024
PortlandOR

PortlandOR #24506870

Price change
$558,000
-5.1%

Schools & Community

Elementary school: 

Walterville

Middle school: 

Thurston

High school: 

Thurston

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Charles Morden Revocable Living Trust

Loan start date

February 2022

Original loan amount

$540,000

Est. remaining balance

Not provided

Interest rate

3.11%

Loan type

Commercial, 1 year

Seller

Sydney Chamorro

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 12/23/2024 at 6:50 AM

Listing updated: 12/23/2024 at 1:47 AM

Listed by: Kelly Cooley, Windermere RE Lane County Phone #: (541) 484-2022

MLS: PortlandOR #24506870

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Recently listed in Walterville

$330,000|3 bd|2.0 ba|Manufactured
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The content relating to real estate for sale on this website comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by brokerage firms other than Tomo Real Estate are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This data last updated as of date above. Some properties which appear for sale on this website may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified. Some of these listings contain enhanced listing information including city, state, zip, and county from sources such as MSA data and USPS. Listing content is Copyright ©2024 RMLS of Portland, Oregon. All Rights Reserved.