311 N FIRST ST Drain, OR $ 186,200
311 N FIRST ST
$ 186,200
Share Save

311 N FIRST ST

Drain, OR, 97435
$ 186,200
Bedrooms-- Baths-- Sq 4,655
311 N FIRST ST, Drain, OR 97435 - Image 1

Property for Rent in Drain, OR

for $186,200. This 4,655 square foot property was built in 1935 on a lot size of 0.06.

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.

See more

Rental Active

Price

$ 186,200

Taxes

$ 674

Style

LiveWorkUnit

Lot Size

0.06

Year Built

1935

Town/City

Drain

County/Region

Douglas

MLS | Web ID

384104693

Features
General
Sewer PublicSewer
Heating Ceiling WallHeater
Cooling None
Roof Flat Membrane
Zoning COMM
Construction Materials Concrete Stucco WoodSiding
Year Built 1935
Sale Includes Building Equipment Land
Stories Count 2
Property Subtype LiveWorkUnit
Tax Year 2024
Current Use Other Retail Warehouse
Parcel Number R21059
Gross Income 0
County Douglas
Operating Expense 0
Property Type CommercialSale
HOA N
Status Active
Directions From Roseburg 1-5 N to exit 150 right on W B Ave left on 1st; From Eugene I-5 S to exit 162 OR-38
City Drain
MLS Area _265
Lot Size Square Feet 2613.0
Listing Terms CallListingAgent Cash Contract Conventional Other Rehab
Tax Annual Amount 674.35
Property Condition Approximately
Lease Type None
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description DRAIN BLOCK 4 LOT PT 3 ACRES 0.06
See more
Exterior
Road Frontage 24
Parking Features OnStreet
Water Source PublicWater
Number of Buildings 1
Building Area Total 4655.0
Lot Size Acres 0.06
Road Surface Type Paved
Other Equipment Furniture
See more
Internal Only
Street Number 1 311
See more
* Excluded Features
List By
Re/Max Integrity

Broker

sold@ronkteam.com

Email

Nearby
1949264 Elementary School
1949174 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/21/2025$186,200 Listed Price

Map


See all


311 N FIRST ST, Drain, OR, 97435 is a Property for Rent at $186,200 with 4,655 sqft and a lot size of 0.06. 311 N FIRST ST was built in 1935. The property's zip code is 97435 which is in Drain, OR