Listing provided courtesy of RE/MAX Integrity- MLS# 384104693MLS Provider

311 N FIRST STDrain, OR 97435

Commercial · 4,655 Sq. ft. | 0.06 Acres
$186,200 Active

311 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.

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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

50
Median Age
22
Population Density (per sq. mile)
21%
College Educated
$54,583
Estimated Median Income
710
Estimated Total Home Owners
224
Estimated Total Renters
76% / 24%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

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.
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

311 N FIRST ST Market Data

Based on the last 30 days in this zip code

$409,500
Average List Price
$273
Average Price per Square Foot
2
Properties Sold
130
Average Days on Market
10
Properties for Sale
Calculations provided by Reliance Network

311 N FIRST ST History

Date Event Value Agent
10/20/2025Source: Regional MLS Added to Database
October 20, 2025