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$695,000 Just Listed

  • For Sale
  • Active
  • Commercial
  • Updated 13 hours ago
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With 7500 square feet of usable space, this single level property will serve as a great retail or warehouse option. Located on Hwy 99 and in central Drain, the visibility is unsurpassed! Paved onsite parking is plentiful and additional street parking is available.

Full Property Details for 308 N 1st St

General

  • Price: $695,000
  • Taxes: $5,610 (2025)
  • Status: Active
  • Type: Commercial
  • Source: RWMLS
  • MLS ID: 642092526
  • Updated: 4/13/2026
  • Added to Site: 1 day(s) ago

Additional Information

  • Equipment: Compressor

Parking

  • Total Spaces: 36
  • Parking Features: On Site, Paved

Location

  • County: Douglas
  • Driving Directions: I-5 exit 150, pass Yoncalla to Drain, Right on West B Ave, left on N First St.

Community

  • Community Name: 265 - Douglas Co: North Douglas County

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Heat Exchanger
  • Heating Type: Heat Exchanger
  • Heating Fuel: Electricity

Utilities

  • Sewer: Public Sewer
  • Water: Public Water

Structural Information

  • # Buildings: 1
  • Property Detached: Yes
  • Construction: Block
  • Roof: Flat, Rubber
  • Ceiling Height: 14
  • Stories/Levels: 1
  • Square Feet: 7,500
  • Current Bldg. Use: Grocery
  • Year Built: 1960
  • Property Condition: Existing

Lot Features

  • Lot Size (Acres): 0.62
  • Lot Size (Sq. Ft.): 27,007
  • Lot Size: 20, 000 SqFt to .99 Acres
  • Frontage: Paved

Financial Considerations

  • Tax Amount: $5,610.12
  • Tax Year: 2025
  • Terms: Cash, Other

Disclosures and Reports

  • Documents Avail.: Aerial Photo, Plot - Plat Map, Tax Information
  • Legal Description: DRAIN M&B, LOT M&B INST 279597 LESS PT SD, ACRES 0.62
  • Property ID: R20859

Listed by RE/MAX Integrity (541) 673-3272, Jody Tatone (541) 430-5430

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Listing agent

— 308 N 1st St —

  • Jody Tatone

    RE/MAX Integrity

    541-673-3272

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 308 N 1st St

School District:North Douglas School District 22
NameGradesDistance
North Douglas Elementary School
100 North School Street, Drain, OR 97435
K-80.3 mi
North Douglas High School
305 South Main Street, Drain, OR 97435
9-120.3 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 308 N 1st St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/13/2026
Listed
$695,000
4.51%
MLS
8/02/2016
Sold
$665,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 308 N 1st St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,610
3%
$471,419
3%
2024
$5,432
3%
$457,689
3%
2023
$5,285
7%
$444,359
6%
2021
$4,942
-4%
$418,852
—
2022
$5,131
4%
$418,852
3%
2021
$4,942
5%
$406,653
3%
2019
$4,698
3%
$394,809
3%
2018
$4,565
7%
$383,310
3%
2017
$4,267
3%
$372,146
3%
2016
$4,140
3%
$361,307
3%
2015
$4,018
2%
$350,784
3%
2014
$3,924
3%
$340,567
3%
2013
$3,792
—
$330,648
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by RE/MAX Integrity (541) 673-3272, Jody Tatone (541) 430-5430

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308 N First St, Drain, OR 97435 (MLS# 642092526) is a Commercial property. 308 N First St is currently listed for $695,000 and was received on April 13, 2026. Want to learn more about 308 N First St? Do you have questions about finding other Commercial real estate for sale in Drain? You can browse all Drain real estate or contact a Coldwell Banker agent to request more information.

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