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Off market
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  • $603,400

    1305 Main St, Klamath Falls, OR 97601

    --beds
    2baths
    16,000sqft
    SingleFamily
    Built in 1950
    2 Acres Lot
    $603,400 Zestimate®
    $38/sqft
    $1,425 Estimated rent

    Home value

    $603,400

    $428,000 - $833,000

    $1,425/mo

    Zestimate® history
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    What's special

    TWO (2) ACRE COMMERCIAL PARCEL WITH OVER 15,000 SQ FT OF BUILDINGS IN A DOWNTOWN LOCATION WITH POTENTIALLY FREE GEOTHERMAL HEAT.....for....only....$525,000!<br><br>I can guarantee that this is the most amazing property--in terms of potential--that you have ever seen! It is one of only four remaining architectural styles of its type left in the United States. The style is a form of art deco called "Egyptian Revival." It was originally designed to capitalize on King Tut's discovery as a method to sell cars. The massive showroom has been restored to far beyond its original luster. <br><br>The former operator invested over $350,000 in remodeling one building into a fully functioning event center with a catering kitchen. This one building brought in over $1,000 per day when it was in operation. But there were financial problems and the property was repossessed. The new owner wants to liquidate this property far below market value. And he wants it gone now! <br><br>If someone bought this property and set up a spa or something hospitality-oriented, tapping hot water which typically comes in over 200 degrees, they'd be the only game in town. This is the only commercial zone in the community with direct access to the hot water resource. Health care and holistic medicine are growing rapidly in the town where this property is located. The greatest options for investors here could be (in order):<br><br>(1) A hot spring spa<br>(2) An event center<br>(3) A holistic care or medical center<br>(4) A business incubator (fiber optics on site)<br>(5) Mix of the above<br>(6) Any other private business function.<br><br>There is plenty of room to build more buildings. There are unfinished basements and upstairs spaces not included in the 15,000 sq ft. figure. <br><br>Listed by Agent<br/><br/>Brokered And Advertised By: 541 Realty<br/>Listing Agent: Jeff Ritter

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 2
    Interior area
    • Total interior livable area: 16,000 sqft

    Property

    Lot
    • Size: 2 Acres

    Construction

    Type & style
    • Home type: SingleFamily
    Condition
    • Year built: 1950

    Community & neighborhood

    Location
    • Region: Klamath Falls

    Price history

    DateEventPrice
    10/2/2010Listing removed$525,000$33/sqft
    Source: 541 Realty Report a problem
    7/24/2010Listed for sale$525,000$33/sqft
    Source: 541 Realty Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 97601

    Nearby schools

    GreatSchools rating
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    An equal housing lender. NMLS #10287.

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    $603,400
    2% more
    +$12,068
    With Zillow Showcase(estimated)
    $615,468