311 N FIRST ST

Drain, 97435

  • Bed

  • Bath

  • 4655 SqFt

  • 1 DOM

  • Built: 1935

  • Status: Active

$186,200

X

311 N FIRST ST

Drain 97435

$186200

  • Bed

  • Bath

  • 4655 SqFt

  • 1 DOM

  • Built: 1935

  • Status: Active

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Mohanraj Rajendran

Real Estate Agent

(503) 336-1515

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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Residence Information

  • 4655

  • Flat,Membrane

  • OnStreet

  • 2

  • 1935

  • No

Features and Utilities

  • None

  • Ceiling, WallHeater

  • PublicSewer

  • Electricity

Financial

  • 674.35

  • CallListingAgent,Cash,Contract,Conventional,Other,Rehab

  • 10-20-2025

  • No

  • No

Comparable Information

  • 1

  • 1

  • CallListingAgent,Cash,Contract,Conventional,Other,Rehab

  • $186,200

  • $186,200

  • Oct 20, 2025 20:55

Schools

Map

Listing courtesy of RE/MAX Integrity.

The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2019 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. Mohan Realty Group data last checked: Oct 21, 2025 20:49 | Listing last modified Oct 20, 2025 20:55. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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