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$186,200
1 Day On Site

311 N FIRST ST
Drain, OR 97435

For Sale|Commercial Sale|Active
0
Beds
0
Total Baths
4,655
SqFt
$40
/SqFt
1935
Built
County:
Douglas
Listing courtesy of Kristine Ronk of RE/MAX Integrity 5416439059

Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.

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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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Listing Snapshot
Price 
$186,200
Days On Site 
1 Day
Bedrooms 
N/A
Inside Area (SqFt) 
4,655 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.06 Acres
Year Built 
1935
MLS® Number 
384104693
Status 
Active
Property Tax 
$674.35
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
16 hours agoListing updated with changes from the MLS®
yesterdayListing first seen on site
General Features
Acres 
0.06
Additional Property Use 
OtherRetailWarehouse
Number Of Stories 
2
Parking 
On Street
Sewer 
Public Sewer
SqFt Total 
4655
Water Source 
Public
Zoning 
COMM
Interior Features
Heating 
Ceiling
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Exterior Features
Construction Details 
ConcreteStuccoWood Siding
Frontage 
24
Roof 
FlatMembrane
View 
Mountain(s)
Waterview 
Mountain(s)
Community Features
Financing Terms Available 
CashContractConventional
MLS Area 
_265
Roads 
Paved
Listing courtesy of Kristine Ronk of RE/MAX Integrity 5416439059



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 are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is Copyright © 2025 RMLS™, Portland, Oregon. Some properties which appear for sale on this website may subsequently have sold or may no longer be available.

Last checked 2025-10-21 01:12 PM PDT.

All information provided is deemed reliable but is not guaranteed and should be independently verified

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Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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