1028 Main ST, Klamath Falls, OR 97601
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1028 Main ST, Klamath Falls, OR 97601
1028 Main ST, Klamath Falls, OR 97601
1028 Main ST, Klamath Falls, OR 97601
1028 Main ST, Klamath Falls, OR 97601
James Kinney
James Kinney

Advisor License ID: 201248718

+1(541) 410-2974

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$ 189,000

$ 189,000

Est. payment /mo
Sold on 09/30/2026

1028 Main ST Klamath Falls, OR 97601

10,500 SqFt

UPDATED:

Key Details

Sold Price $189,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

Square Footage 10,500 sqft

Price per Sqft $18

Subdivision Klamath Falls -Nichols Addition

MLS Listing ID 220224002

Sold Date 09/30/26

Year Built 1920

Annual Tax Amount $3,317

Lot Size 3,920 Sqft

Acres 0.09

Lot Dimensions 0.09

Property Description

Historic redevelopment opportunity in downtown Klamath Falls. Formerly the iconic Arcade Hotel, this four-story commercial building offers approximately 10,500 sq.ft. and exceptional potential for investors, developers, or adaptive reuse projects. Original features include a distinctive brick façade, tall lobby ceilings, Douglas fir flooring, and original wood banisters. Upper floors have been taken down to the studs, creating a blank canvas for restoration. Recent improvements include roof repairs, debris removal, a new 400-amp meter main, new 400-amp sub panel, and a new sewer line in the building, providing a cleaner start for redevelopment. Zoned General Commercial with public utilities available. The building requires substantial rehabilitation, including seismic retrofit. Previously selected for Oregon Main Street Revitalization Grant funding. Buyer to perform all due diligence.

Location

State OR

County Klamath

Community Klamath Falls -Nichols Addition

Direction Take OR-39 N, Turn Left on US-97 BUS S/Esplanade Ave. Continue straight onto Main St. Property is on the Left.

Rooms

Basement Partial, Unfinished

Interior

Interior Features Vaulted Ceiling(s)

Heating None

Cooling None

Window Features Wood Frames

Exterior

Parking Features Alley Access, On Street

Roof Type Membrane

Building

Foundation Concrete Perimeter

Water Public

Level or Stories Three Or More, Multi/Split

Structure Type Brick,Frame

New Construction No

Others

Senior Community No

Tax ID 413733

Acceptable Financing Cash, Owner Will Carry

Listing Terms Cash, Owner Will Carry

Special Listing Condition Standard

Oregon Datashare (MLSCO/SOMLS/KCAR)
Listed by Coldwell Banker Holman Premier
Bought with Klamath County Association of REALTORS

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James Kinney

James Kinney

Advisor License ID: 201248718

+1(541) 410-2974

GET MORE INFORMATION

Name
Phone*
Message

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1028 Main ST