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$115,000

  • Sold
  • Closed
  • Commercial
See This Home
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See This Home
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Revitalize a Downtown Icon - The Historic Arcade Hotel In the heart of downtown Klamath Falls, steps from the new Downtown Park and adjacent to city parking, the former Arcade Hotel offers a rare shell space brimming with potential. This highly recognizable building features a dramatic front facade, tall lobby ceilings, Douglas fir flooring, and original wood banisters. The upper levels are down to the studs-originally hotel rooms-ready for transformation. This structure is primed for redevelopment. It's a big project needing vision and capacity, perfect for a developer looking to make a lasting mark on the city. An opportunity in a beautiful growing downtown corridor. Qualified buyers only - this is a very large project.

Full Property Details for 1028 Main St

General

  • Sold For: $115,000
  • Taxes: $3,240 (2024)
  • Status: Closed
  • Type: Commercial
  • Source: ODS
  • MLS ID: 220203040
  • Added to Site: 242 day(s) ago

Interior

  • Interior Features: Vaulted Ceiling(s)
  • Flooring: Hardwood, Other

Parking

  • Parking Features: Alley Access, On Street

Location

  • Area: 10500
  • County: Klamath
  • Cross Streets: 9th Street
  • Driving Directions: Located on Main Street between 9th and 10th streets

Heating & Cooling

  • Cooling Type: None
  • Heating Type: None

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Construction: Brick, Frame
  • Basement Desc.: Partial, Unfinished
  • Foundation: Concrete Perimeter
  • Roof: Membrane
  • Common Walls: 1 Common Wall
  • Windows: Wood Frames
  • Square Feet: 10,500
  • Sq. Ft. Source: Other
  • Year Built: 1920

Lot Features

  • Lot Size (Acres): 0.09
  • Lot Size (Sq. Ft.): 3,920
  • Frontage: Shared Access
  • Street/Road Desc.: Paved
  • Zoning: GC

Financial Considerations

  • Price Per Sq. Ft.: $18.95
  • Tax Amount: $3,240.15
  • Tax Year: 2024
  • Terms: Cash

Disclosures and Reports

  • Special Conditions: Standard
  • APN: 413733
  • Section: Not Applicable
  • Block: 49
  • Lot Number: 7000

Listed by Windermere Real Estate Kf (541) 885-4400, Allison K York (541) 331-0060 and Windermere Real Estate Kf (541) 885-4400, Tanner York (541) 892-2411
Sold by Coldwell Banker Holman Premier (541) 331-0060, Nataliya Hamilton

Listing agents

— 1028 Main St —

  • Allison K York

    Windermere Real Estate Kf

    541-885-4400

  • Tanner York

    Windermere Real Estate Kf

    541-885-4400

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1028 Main St

School District:Klamath Falls City Schools
NameGradesDistance
Mills Elementary School
520 East Main Street, Klamath Falls, OR 97601
K-50.7 mi
Ponderosa Junior High School
2554 Main Street, Klamath Falls, OR 97601
6-80.9 mi
Klamath Union High School
1300 Monclaire Street, Klamath Falls, OR 97601
9-120.2 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1028 Main St

Date
Details
Price
Change
Source
10/17/2025
Sold
$115,000
-42.21%
MLS
6/02/2025
Listed
$199,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Windermere Real Estate Kf (541) 885-4400, Allison K York (541) 331-0060 and Windermere Real Estate Kf (541) 885-4400, Tanner York (541) 892-2411
Sold by Coldwell Banker Holman Premier (541) 331-0060, Nataliya Hamilton

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Price Reduced near 1028 Main St

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22111 Hwy 39, Merrill, OR 97633 - Photo 1 Price Reduced
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22111 Hwy 39  Merrill, OR 97633

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Recent Sales near 1028 Main St

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420 Walnut Ave, Klamath Falls, OR 97601 - Photo 1 Sold
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1028 Main Street, Klamath Falls, OR 97601 (MLS# 220203040) is a Commercial property that was sold at $115,000 on October 17, 2025. Want to learn more about 1028 Main Street? Do you have questions about finding other Commercial real estate for sale in Klamath Falls? You can browse all Klamath Falls real estate or contact a Coldwell Banker agent to request more information.