Price cut $80K
$300,000
1/53 BD · 2 BA · 1,876 SF · 0.06 AC
895 Hanks Street
Klamath Falls, OR 97601
#220187569 01 / 20
Pending Price cut $75K on Jun 4
$300,000
1414 Oregon Avenue
Klamath Falls, OR 97601 · Klamath Falls -Fairview Addition No. 2
- Baths
- 0
- Acres
- 0.12
- Built
- 1959
Est. $1,749/mo~198 min to downtown Bend (approx.)
Listing by Coldwell Banker Holman Premier · 541-884-1343
MLS# 220213526 · Pending
01
About this home
A GREAT opportunity to own commercial property & run established lottery business! Located at 1414 Oregon Ave., building was updated in 2024, offers strong income potential & well above market avg ROI. Provides a welcoming environment for patrons & proven business model for owner-operator investors. Property boasts 6 Oregon Lottery machines in a private, comfortable atmosphere w/central sales area. Currently features limited menu to accompany lottery operation & previously, successfully partnered with neighboring food retailer to provide convenient eat-in options. The 1402 Ore. Ave. next door is available to purchase at $375,000 for a large discount, creating a higher ROI rate, offered when purchased together. Whether you are looking to expand your investment portfolio or step into an established operation with built-in clientele, this is a rare opportunity offering immediate value & long-term potential. Buyer to do due diligence regarding Lotto.
02
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03
Price history
Cut $75K| Date | Event | Price |
|---|---|---|
| Jun 4, 2026 | Price cut−$75,000 (20.0%) | $300,000 |
| Jan 7, 2026 | Listed for sale | $375,000 |
From the MLS: original list price and latest price change. 272 days on market.
04
Drive times
~198 min to downtown Bend- Sunriver Village~178 min · 149.4 mi
- Mt. Bachelor~186 min · 156.9 mi
- Old Mill District~196 min · 165.7 mi
- Downtown Bend~198 min · 166.8 mi
- St. Charles Bend~200 min · 168.5 mi
- Sisters~219 min · 185.5 mi
- Redmond Airport (RDM)~220 min · 186.2 mi
- Smith Rock State Park~231 min · 196.3 mi
Approx. Straight-line distance × 1.3 for roads, at in-town and highway speeds. No traffic, snow, or Hwy 97 construction. Ask Cody about real commute times.
05
Facts & features
Built 1959- Year built
- 1959
- Stories
- 1
- Lot
- 0.12 AC · 5,227 SF
- HOA
- None reported
- Taxes
- $1,431/yr
- Subdivision
- Klamath Falls -Fairview Addition No. 2
- County
- Klamath
- Days on market
- 272
- MLS #
- 220213526
- Flooring
- Laminate
- Heating
- Other
- Parking
- Parking Lot · Asphalt · On Street
- View
- Neighborhood
- Lot
- Level
- Construction
- Block
- Roof
- Asphalt
06
Location & schools
Klamath Falls -Fairview Addition No. 242.2334° N · 121.7876° W
Directions07
Monthly payment
$1,749/mo$1,749/mo
$240,000 loan · 30 yr fixed · 6.5%
- Principal & interest
- $1,517
- Property tax (listing)
- $119
- Home insurance (est.)
- $113
20% · $60,000
6.500%
Loan term
Estimate only. Taxes use the listing's reported amount when there is one; insurance is approximated. A lender can give you an exact number.
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#220220904Listing information provided by Oregon Data Share. Data last updated Oct 7, 2026, 4:31 PM.
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