48257 E 1ST ST, Oakridge, OR 97463
Lane County
Key Facts
Description
Former bank building with excellent bones and built-in security features, ideal for conversion into an OLCC-licensed cannabis dispensary or other retail use. The property was purchased with plans to become a marijuana retail outlet, and an OLCC retail license is currently active at this location (not in operation). The interior remains unfinished, providing a blank canvas for your vision—complete the buildout as a dispensary or reimagine the space for another business type. Flexible options available: purchase the property and license together, acquire just the building for alternative use, or buy the license and lease the site from the seller. Great opportunity in the heart of Oakridge for an investor or operator looking for a secure, adaptable commercial space.
Property Information
Property Type
Commercial Sale
Year Built
1947
Living Area
3,279 sq ft
Lot Size
0.11 acres
Zoning
C2
Days on Market
11
MLS® Listing#
732725710
Property Features
Cooling
Heating
Parking
Sewer
Water Source
Financial Details
Annual Taxes
$5,392
Tax year 2025
Parcel Number
0951598
Directions
From Hwy 58, turn on to !st st. Property is on the corner of E 1st St & Alder St
Affordability Calculator
$50,000
Estimated monthly payment
$1,331/mo
Principal $200,000 · Est. interest $279,018 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Oakridge, OR
- $326,667
- Median Listing Price
- 222
- Median Days on Market
- 1,368
- Median Sq Ft
- $249
- Median Price / Sq Ft
- 25
- Active Listings
- This home’s price is 23% below the area median.
- Its price per sq ft is 69% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Oakridge, OR.
Location
Points of Interest in Oakridge, OR
Showing the Oakridge area map.
Nearby Schools
Oakridge Elementary School
Elementary · 0.2 mi away
Oakridge High School
Secondary · 0.4 mi away
Westridge Elementary School
Elementary · 3.4 mi away
Child's Way Charter School
School · 19.4 mi away
Lowell School District
Secondary · 19.7 mi away
Lundy Elementary School
Elementary · 19.9 mi away
Dorena School
Elementary · 20.9 mi away
Trent Primary School
Elementary · 23.8 mi away
Jasper Mountain Center
School · 25.3 mi away
South Lane Christian School
School · 26.9 mi away
Pleasant Hill High School
Secondary · 26.9 mi away
Pleasant Hill Elementary School
Elementary · 26.9 mi away
Walterville Elementary School
Elementary · 27.3 mi away
McKenzie River Christian School
Elementary · 28.1 mi away
McKenzie High School
Secondary · 28.4 mi away
Emerald Christian Academy
School · 29.1 mi away
Al Kennedy High School
Secondary · 29.2 mi away
Cottage Grove Christian School
School · 29.9 mi away
Harrison Elementary School
Elementary · 29.9 mi away
Creswell Christian Academy
School · 30.0 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 0 Bugle LOOP, Oakridge, OR | $175,000 | — | — | — |
| 48207 HIGHWAY 58, Oakridge, OR | $179,000 | — | — | 1,344 |
| 49064 Hills Creek RD, Oakridge, OR | $179,000 | — | — | — |
| 76362 WILLAMETTE WAY, Oakridge, OR | $195,000 | 2 | 1 | 784 |
| 76317 KLOHN RD, Oakridge, OR | $220,000 | 2 | 1 | 768 |
| 47947 W Commercial Street, Oakridge, OR | $259,000 | 2 | 1 | 1,094 |
Moving Cost Estimate
EXIT Agents in Oakridge
Listing Courtesy: Keller Williams Realty - 541-390-5595
Presented by: Joshua Kelleher
Last Updated: 2026-03-11