416 E 3RD ST Lafayette, OR $ 720,000
416 E 3RD ST
$ 720,000
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416 E 3RD ST

Lafayette, OR, 97127
$ 720,000
Baths0.0 Sq 1,810

Monthly Estimate*

$ 4,785

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Studio

Commercial Property for sale in Lafayette, OR

for $720,000. This 1,810 square foot building was built in 1911 on a lot size of 0.18.

Perfect Turn-Key Business Opportunity and Property in the heart of wine country. Hamblin Eatery is a local family-owned restaurant that opened in April 2020. This family has created a unique restaurant with an eclectic menu, handmade pasta, thin crust pizzas, gourmet tacos, local wines, and craft beer that keeps customers returning for more. The property has a beautifully established brick building settled right on the main road in Lafayette, which is a central point between Newberg and McMinnville. According to 2022's (latest available) Annual Average Daily Traffic Report, 13,056 cars/day come through Lafayette. With it's central location, Hamblin Eatery has become the place for locals to meet with friends and family and to have great food and wine. It is a must-stop for wine enthusiasts and tourists during their weekend wine-tasting tours. After almost four years of success and growth each year, the family has decided to move on and offer this opportunity to the next passionate chef and entrepreneur to take Hamblin Eatery to the next level of greatness. Check out their 5-star reviews on YELP, Facebook, and Google. Purchase comes with property, building, inventory and business opportunity. Sellers will provide recipes and training with purchase. Restaurant capacity is approx 54 with beer & wine license. Gross SQFT doesn't include storage closets. Art work is not included in purchase and is currently on display for sale by local artist.

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Commercial Active

Price

$ 720,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 776

Style

Commercial

Lot Size

0.18

Year Built

1911

Town/City

Lafayette

County/Region

Yamhill

MLS | Web ID

24420665

Features
General
Sewer PublicSewer
Heating ForcedAir
Cooling CentralAir
Roof Flat Other
Zoning C
Construction Materials Brick T111Siding
Year Built 1911
Sale Includes Building Equipment Land
Stories 1
Property SubType Commercial
Tax Year 2023
Current Use Restaurant
Gross Income 257836.0
Business Name Hamblin Eatery LLC
County Yamhill
Operating Expense 225339.0
Property Type CommercialSale
Status Active
Directions Jefferson St & Hwy 99W/3rd St
City Lafayette
MLS Area _156
Lot Size Square Feet 7840.0
Street Name 3RD
Listing Terms Cash Contract Conventional Other
Tax Annual Amount 776.62
Property Condition Existing
Virtual Tour https://show.tours/4163rdst
Days on Market 139
Standard Status Active
Legal Description PT LOT 6 - BLOCK 6 IN LAFAYETTE TOWN OF
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Exterior
Parking Features OnSite OnStreet
Water Source PublicWater
Total Parking 13.0
Number of Buildings 1
Building Area Total 1810.0
Lot Size Acres 0.18
Road Surface Type Paved
Other Equipment Fixtures Furniture SmokeDetector
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Interior
Street Suffix ST
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Internal Only
Street Number 1 416
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* Excluded Features
List By
John L. Scott Market Center

Broker

cassierichardson@johnlscott.com

Email

Affordability Calculator

$4,850
Per Month
99%
1%
0%
Monthly Principal & Interest
$4,785
Monthly Property Taxes
$65
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
1949264 Elementary School
1949174 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/12/2024$720,000 Listed Price

Map


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416 E 3RD ST, Lafayette, OR, 97127 is a Commercial Property for sale at $720,000 with 1,810 sqft and a lot size of 0.18. 416 E 3RD ST is a studio with 0.0 baths and was built in 1911. The property's zip code is 97127 which is in Lafayette, OR