

311 N FIRST STDrain, OR 97435
Commercial · 4,655 Sq. ft. | 0.06 Acres311 N FIRST ST Overview
- Time on Site:
- 252 days
- Visits:
- 25
Discover an exceptional commercial opportunity that perfectly blends business potential with live-work convenience in charming Drain, Oregon. This impressive 4,655-square-foot building sits strategically along busy Highway OR-38/OR-99, ensuring your future venture enjoys excellent visibility and steady foot traffic from travelers between Eugene and Roseburg.The two-story structure offers incredible flexibility for entrepreneurs ready to make their mark. Whether you envision a bustling restaurant, retail store, fitness center, or unique specialty business, this spacious property provides the canvas for your commercial dreams. The generous downstairs area flows seamlessly into an equally impressive upper level, creating endless possibilities for creative business layouts.What sets this property apart is its live-work potential ' zoning permits residential use upstairs, allowing you to literally live above your business and maximize your investment. Picture rolling out of bed and walking downstairs to your thriving enterprise, eliminating commute stress while keeping overhead costs manageable.Recent improvements include a brand-new roof backed by a 20-year warranty, providing peace of mind for years to come. The unique walk-out roof access opens opportunities for outdoor seating, events, or additional business space. Convenient on-street parking ensures customers can easily access your establishment, while the prime location next to Ray's Food Place guarantees steady neighborhood traffic.This building practically begs for renovation magic ' bring your vision and watch this diamond in the rough transform into your profitable business venture. With flexible financing options potentially available, including owner-carry possibilities with a $70,000 down payment, your entrepreneurial journey could begin sooner than expected.
311 N FIRST ST Facts & Features
- Type Commercial
- Sq. ft. 4,655
- Price/Sq.ft. $40
- Lot 0.06 Acres
Details
General
Income/Expenses
- Existing Lease Type: None
- Gross Income: 0
- Operating Expense: 0
Building Information
- Year Built: 1935
Business Information
- Current Use: Other,Retail,Warehouse
Location/Region
- Country: US
- County Or Parish: Douglas
- MLS Area Major: 265 - Douglas Co: North Douglas County
Tax Information
- Tax Annual Amount: 674.35
- Tax Year: 2024
General Information
- Inclusions: Building,Equipment,Land
- Listing Terms: Call Listing Agent,Cash,Contract,Conventional,Other,Rehab
- Parcel Number: R21059
- Property Condition: Approximately
- Property Sub Type: Live Work Unit
- Property Type: Commercial Sale
- Zoning: COMM
Interior
Building Interior
- Building Area Total: 4655.0
General Information
- Cooling: None
- Heating: Ceiling,Wall Heater
- Other Equipment: Furniture
- Stories: 2
Exterior
Parking Information
- Parking Features: On Street
Lot Information
- Lot Size Area: 2614
- Lot Size Square Feet: 2613.0
- Number Of Buildings: 1
- Road Surface Type: Paved
- Water Source: Public Water
Building Exterior/Construction
- Construction Materials: Concrete,Stucco,Wood Siding
- Roof: Flat,Membrane
General Information
- Road Frontage Type: 24
- Sewer: Public Sewer
311 N FIRST ST Neighborhood
Community
97435 (DRAIN) Demographics
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.311 N FIRST ST Monthly Cost
311 N FIRST ST Market Data
Based on the last 30 days in this zip code
311 N FIRST ST History
| Date | Value | Agent |
|---|---|---|
| 10/20/2025Source: Regional MLS | October 20, 2025 |