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311 N First St, Drain, OR 97435

$186,200

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Property Description

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 | MLS# 384104693

This commercial property located at 311 N First St, Drain, OR 97435 is currently listed for sale with an asking price of $186,200. Search Drain real estate on elizabethueland.bendpremierrealestate.com today.

Property Features

Property Type: Commercial - Business
Cooling: None
Fuel Type: Electricity
Heating: Ceiling, WallHeater
Lot Size: 0.06 Acres
Roof Type: Flat, Membrane
Stories: 2.0
Taxes: $674
Year Built: 1935
Square Feet: 4,655

Feature Descriptions

Days on Site: 190
Miscellaneous Features: AccessibleEntrance, DisplayWindow, GroundLevel, InsideStorage, Office
Parking Notes: OnStreet
Present Use: Other, Retail, Warehouse
Road Surface: Paved
Sewer: Public Sewer
Special View Info: Mountain, Seasonal, Territorial
Water: Public Water

Listed By / Shown By

Listed By

Agency Name: RE/MAX Integrity
Agency Phone: 541-673-3272

Shown By

Agent Name: Elizabeth Ueland Principal Broker
Agent Phone: (310) 213-3151
Agency Title: Bend Premier Real Estate

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided 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. Information on this site was last updated 04/29/2026. The listing information on this page last changed on 04/29/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Wed 04/29/2026 10:44:23 AM EST) or RMLS (last updated Wed 04/29/2026 1:50:17 AM EST) or COAR/MLSCO (last updated Wed 04/29/2026 10:42:19 AM EST). Real estate listings held by brokerage firms other than Bend Premier Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by other brokerage firms are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2026 RMLS, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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