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$525,000
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Property Description
Two buildings (242 Market and 284 Market) plus a vacant lot (292 Market) are included in this sale. Zoned Light Industrial and currently leased to Desert Lake Technologies with an NOI of $67,980 with 3% increases per NNN lease. Cap Rate of 10%. Small office and kitchenette in 242 Market Street. Total building square footage is 13,416 sf. Please do not disturb tenant. Any showings to be scheduled in advance and listing agent must be present.
Full Property Details
Full Property Details for 242 Market St
General
- Sold For: $525,000
- Taxes: $2,662 (2025)
- Status: Closed
- Type: Commercial
- Source: ODS
- MLS ID: 220201763
- Added to Site: 78 day(s) ago
Interior
- Flooring: Concrete
Parking
- Parking Features: Asphalt, On Street
- Parking: Primary Suite
Location
- Area: 13416
- County: Klamath
- Driving Directions: From Main Street, turn south on Market Street
Heating & Cooling
- Cooling Type: None
- Heating Type: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Steel Frame, Frame
- Foundation: Slab
- Roof: Membrane, Metal
- Common Walls: 1 Common Wall
- Stories/Levels: 1
- Square Feet: 13,416
- Sq. Ft. Source: Assessor
- Year Built: 9999
Lot Features
- Lot Size (Acres): 0.55
- Lot Size (Sq. Ft.): 23,958
- Frontage: Shared Access
- Street/Road Desc.: Paved
- Lot Features: Level
- Zoning: LI
Financial Considerations
- Price Per Sq. Ft.: $49.19
- Tax Amount: $2,662
- Tax Year: 2025
- Terms: Cash, Conventional
Disclosures and Reports
- Special Conditions: Standard
- Multiple Parcels: Yes
- APN: 414634
- Section: Not Applicable
- Block: 3
Listed and Sold by Windermere Real Estate Kf (541) 885-4400, Allison K York (541) 331-0060
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Schools
Schools serving 242 Market St
School District:Klamath Falls City Schools
| Name | Grades | Distance |
|---|---|---|
Mills Elementary School 520 East Main Street, Klamath Falls, OR 97601 | K-5 | 0.5 mi |
Ponderosa Junior High School 2554 Main Street, Klamath Falls, OR 97601 | 6-8 | 0.7 mi |
Klamath Union High School 1300 Monclaire Street, Klamath Falls, OR 97601 | 9-12 | 0.3 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 242 Market St
Date
Details
Price
Change
Source
3/18/2026
Sold
$525,000
-20.45%
MLS
5/14/2025
Listed
$660,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
242 Market Street, Klamath Falls, OR 97601 (MLS# 220201763) is a Commercial property that was sold at $525,000 on March 18, 2026. Want to learn more about 242 Market Street? Do you have questions about finding other Commercial real estate for sale in Lake Shore Gardens? You can browse all Lake Shore Gardens real estate or contact a Coldwell Banker agent to request more information.

