17675 Highway 20 W, Riley, OR 97758

Great investment property. Looking for a place out of town? This property is located across from the Riley Store. It is 11 acres total, the building has been the Riley Post Office for years. Half of the building is the post office and the other half is a retail space. The post office has a lease effective until 2024. At which time they can renew it. They have renewed it many times over the years. They rent the building for $315 per month currently and the other side is being rented for $125 per month. The property has a well and septic system. There is also power to the property and excellent access off of paved Highway 20/395. The floor is concrete with in floor heat. Great place for a business or possible home site, or RV Park. The property is zoned RCA/R1, which is Rural Commercial and Rural Farm Use, you may be able to apply for a conditional use permit to build a home with the county. The property is fenced on 3 sides and is pretty flat. Excellent pasture area. The building has a main lobby for the post office, a break room in the back and a shared bathroom for both sides. The other side is a front retail area and the back is work area. The building does need a new roof.