Paisley Mercantile | Fay Ranches

PAISLEY MERCANTILE

Paisley, Oregon

$695,000 | 0.46± Acres

Paisley Mercantile | Paisley, Oregon

INTRODUCTION

Fay Ranches is proud to offer an alternative rural lifestyle to the public. The Paisley Mercantile is a fullservice business for the ranching and recreational town of Paisley, Oregon. Much like the general stores of old western towns of the 19th century, the Paisley Mercantile services a large swath of rural Eastern Oregon with the essentials of rural life.

Items in this Old West big box store include:

• Cold drinks and groceries

• Hardware and household items

• Liquor and tobacco

• Heath and beauty items

• Toys and pet food

• Plumbing and auto supplies

• Camping and fishing gear

• Tools and cleaning supplies

• Hot food and ice

• Greeting cards

• And more

More than likely, if you are in a pinch and within a 30-mile radius of Paisley, the Paisley Mercantile is your best and possibly only source for what you might need.

Included with the Paisley Mercantile is a well-cared for 1,944± square-foot three-bedroom/twobath home with a large deck and back yard on a separate tax lot and a 900± square foot metal shop with concrete slab and loft. The home could be used as owner’s quarters or employee housing for an investor. Likewise, the shop, which houses toys and tools for the owner, has the potential to store more merchandise for the Mercantile or could be used for housing. Paisley, Oregon, sits along Highway 31 just southeast of Summer Lake, northeast of the Gerhart Mountain Wilderness, and west of Lake Abert. The small rural community facilitates the needs of large cattle ranches, their employees, and many tourists who enjoy the vast array of the area’s outdoor recreation options. Here is your chance to be part of a thriving rural community and produce income to sustain your lifestyle.

QUICK FACTS

• Includes a mercantile business that generates income by retailing essential goods to a large rural area

• Listing currently offered with fixtures and equipment related to the business and $100,000 of merchandise

• Comprised of 3 tax lots

• Includes 3 bedroom 2 bath 1,944± square foot home with custom cabinets and pride of ownership (separate tax lot)

• An all metal framed and sided shop is included (separate tax lot)

• 2022 in-house P&Ls report a $70,094 Net Operating Income

• Located within the small rural community of Paisley, Oregon. Absent of big city congestion and other negatives

• Local residents and a steady flow of travelers and outdoorsmen provide steady demand for business

• Only OLCC liquor store within a 30-mile radius

• Close proximity to large amounts of public lands and outdoor recreation

• The mercantile sells the best flies to catch redband trout from the Chewucan River

INCOME OPPORTUNITY

The Paisley Mercantile has been the main source of income for the sellers for 46 years. In 2022, inhouse P&Ls reported a net operating income of $72,015.55. Further financial information is available with a signed NDA. The seller is also willing to include with the real estate and the business $100,000 of merchandise which would be itemized at Closing. Any remaining merchandise currently on hand with the business will need to be purchased by the buyer. The business is currently managed by the sellers with the aid of four part-time employees. Within the current employees, there is a possibility of a passive investor operating the business from a distance. The buyer is to do their own due diligence on such a scenario. The home allows for possible diversification of the investment as it could easily be a rental as well.

The seller is willing to also provide:

• Vendor list

• Assistance in the transition of ownership

• Possible owner terms

The Paisley Mercantile is an essential business to a large area and has a bright future ahead of it. Whether an investor or owner-operator this is a business you should consider.

ACREAGE

The Paisley Mercantile consists of 3 Parcels (tax lots: (map # 33S18E24))

• Mercantile Parcel, Tax lot# 5100, .08 acres

• Home Parcel, Tax lot# 5101, .15 acres

• Shop Parcel, Tax lot# 5000.23 acres

• Total: 0.46± deeded acres

IMPROVEMENTS

T he S mall -T own e very T hing S T ore

The Paisley Mercantile is a 3,300± square foot building, with the majority used as retail space. The floor plan of the mercantile has excellent flow while providing ample shelf space for sale goods. The 11-door walk-in cooler is spacious and allows for both a wide range of beverage and refrigerated items for sale as well as cold storage. Also behind the back is additional storage with room for food prep and an ice machine. Liquor sales are limited to a well-secured area in the back right-hand corner, right beside the store office. There is a large counter for the checkout with a hot deli display and baked goods. A space is provided for customers to sit down and enjoy a breakfast or lunch burrito without inhibiting further sales. Rarely does a customer feel cramped in the store, letting locals and tourists enjoy the small-town mercantile experience.

The 900± square-foot shop directly north of the home is a newer built metal framed and sided shop with two roll-up doors and extended eve creating covered storage. Under the covered wing is a self-standing walkin freezer space used mostly for the storage of ice, a big seller, and other frozen goods. The interior of the building is insulated and has a woodframed storage loft that sits above a finished full bathroom and tool bench. This building provides all kinds of uses, whether for the business or the owners’ toys and recreation.

Directly behind the Paisley Mercantile building is a 1,944-square-foot home with three bedrooms and two bathrooms. One bedroom has been converted into a small beauty salon but could easily be converted back into a bedroom. The floor plan is open, with the kitchen opening up into the living room with a wood stove to keep you comfortable and a forced air heat pump to back up the wood stove. The cabinetry is custom and real wood, and you can see the

small-town craftsmanship and pride throughout the home. The front deck on the side opposite of the mercantile is a great place to grill a steak and enjoy the small-town neighborhoods of Paisley. This would make for a very comfortable and convenient home for the owner-operator of the business or employee housing for the investor.

i n C luded :

Included in the sale of the real property and business:

• Ice machine

• Shelving and racks

• 4 small freezers

• Food service equipment

• ATM machine

LOCATION

Paisley, Oregon, is in the center of Lake County and has a population of 250. The town sits at the foot of the Gerhart Mountains and is the principal community servicing a population of ranchers, federal agency employees, and retirees. Paisley has their own School, a public charter school with grades K-12, free lunches (provided by local donations), dorms for foreign exchange students, a teacher-managed radio station, and 100% graduation rates of seniors in past years. The town has essential services such as a fuel station, garage, post office, motel, US Forest Service office, coffee hut, and bar/restaurant. The Chewauwan River flows through the city, and although being a landlocked river, it is populated with native redband trout.

GETTING THERE

From Bend, start by heading south on US-97 S from Bend. After approximately 26 miles, turn left onto OR-31 S at La Pine. Continue on OR-31 S for approximately 73 miles until you reach Paisley.

During your journey, you will pass through several small towns, including Silver Lake and Summer Lake, which may be worth exploring if you have time. The drive will take you through some beautiful rural scenery and provide you with a taste of the natural beauty of southeastern Oregon. It’s important to note that this is a rural area with limited services, so make sure you have enough gas, food, and water before embarking on your journey.

AIRPORT SERVICES

The closest airport to Paisley, Oregon, is the Klamath Falls Airport (LMT), which is approximately 100 miles to the southwest. The airport is served by several major airlines, including United, Delta, and Alaska Airlines, providing flights to and from major cities like Portland, Seattle, San Francisco, and Denver.

RECREATION

Paisley, Oregon, offers a variety of outdoor recreational opportunities, thanks to its location in the beautiful and rugged high desert of Southeastern Oregon.

Examples of the top recreation options in and around Paisley:

• Hart Mountain National Antelope Refuge: This vast wildlife refuge is located just a few miles from Paisley and offers opportunities for hiking, wildlife viewing, and scenic driving. The refuge is home to a variety of wildlife, including pronghorn antelope, bighorn sheep, and wild horses.

• Summer Lake Hot Springs: These natural hot springs are located just a short drive from Paisley and offer a relaxing and rejuvenating soaking experience. The hot springs are set in a beautiful natural setting and offer both indoor and outdoor soaking options.

h un T ing & w ildlife

The area around Paisley is home to a variety of game animals, including deer, elk, and antelope. Hunting is a popular activity in the region, and there are several hunting outfitters and guides available to help visitors navigate the terrain and find game.

Ammo is a big seller in the Paisley Mercantile and, despite supply chain issues, has been able to keep a supply in the store. Other hunting and camping gear is available for the hunter who “thought” he packed everything.

Photo not taken on property

Photo not taken on property

Photo not taken on property

f i S hing

There are several lakes and rivers in the area that offer opportunities for fishing, including Summer Lake, Abert Lake, and the Chewaucan River. Anglers can catch a variety of fish, including trout, bass, and catfish.

In the Paisley Mercantile, there is a wide selection of flies and fishing gear for the outdoorsman. The owner has a vast knowledge of the local fishing holes, including what flies might be best.

o T her r e C rea T ion

There are several hiking trails in the area that offer opportunities for exploring the rugged and beautiful high desert landscape. Several campgrounds in the area, including the Paisley City Park campground, offers RV and tent camping sites.

Overall, Paisley offers a wide range of recreational opportunities for visitors and residents alike. Whether you’re interested in hiking, fishing, hunting, or just relaxing in a beautiful natural setting, this draws a huge amount of tourists to the business, and many items in the Paisley Mercantile are targeted to this demographic.

Photo

AREA HISTORY

Paisley is a small town in the southeastern part of Oregon, located in Lake County. The area that is now Paisley was first inhabited by the Paiute Native American tribe, who used the abundant resources of the region to sustain themselves.

Paisley became a hub for the surrounding area, providing services for the local ranches and farms. In 1910, the Oregon Trunk Railroad reached Paisley, which further boosted the town’s economy.

During the mid-20th century, the timber industry also became a significant source of employment in the area, as logging companies harvested the nearby forests. However, this industry declined in the 1970s and 1980s, leading to a decrease in population in the region.

Today, Paisley remains a small town with a population of around 200 people. The town is known for its natural beauty, including the nearby Summer Lake and the nearby Hart Mountain National Antelope Refuge, which draws visitors to the area for hiking, hunting, and birdwatching. The town also hosts an annual Mosquito Festival, a lighthearted celebration of the area’s abundant mosquitoes.

SUMMARY

The Paisley Mercantile, located in the quiet, ranching town of Paisley is a landmark of the area. The offering includes The Paisley Mercantile building and business, fixtures and equipment essential to the operation of the business, a quality three-bedroom/two-bath home, and a metal framed and sided shop, all on three separate tax lots. Enjoy a steady income in a quiet rural community or invest in an essential business in rural Oregon from afar.

SCENIC VISTAS

The views around Paisley are epic and expansive. The area around Paisley is referred to as “big country” by locals. From Paisley, you can see the Gerhart Mountains (behind the stores), to the east and south, large lush flood-irrigated fields of the cattle ranches until the rugged terrain of the Abert Rim Wilderness takes over. You will have ample blue sky vistas from Paisley, Oregon.

CLIMATE

Climate data courtesy of http://www.city-data.com/city/Paisley-Oregon.html

Paisley, Oregon, has a semi-arid climate, which means it has hot, dry summers and cold, snowy winters. The area receives very little precipitation throughout the year, with most of the precipitation falling in the form of snow during the winter months. During the summer months, temperatures in Paisley can reach into the 90s (Fahrenheit), with occasional heat waves pushing temperatures into the triple digits. The nights are generally cool and pleasant, with temperatures dropping into the 50s or 60s.

NEARBY ATTRACTIONS & ACTIVITIES

1. Crack in the Ground: This unique geological feature is located about 20 miles east of Paisley and offers visitors a chance to explore a narrow, winding crack in the earth’s surface that stretches for several miles. Hiking and rock climbing are popular activities here.

2. Fort Rock State Natural Area: This nearby state park is located about 30 miles northwest of Paisley and features a massive, horseshoe-shaped volcanic formation that rises above the surrounding landscape. Hiking, rock climbing, and wildlife viewing are popular activit ies here.

3. Winter sports: During the winter months, visitors to Paisley can enjoy a variety of winter sports, including cross-country skiing, snowshoeing, and snowmobiling. There are several nearby areas, including Winter Ridge and Table Rock, that offer opportunities for winter recreation.

4. Photography: The stark beauty of the high desert landscape around Paisley makes it a popular destination for photographers. The area’s unique geology and abundant wildlife offer plenty of opportunities for capturing stunning images.

5. Local festivals and events: Paisley is home to several annual festivals and events, including the Paisley Mosquito Festival, which celebrates the town’s quirky name and features a parade, live music, and other fun activities.

$695,000

Includes $100,000 of merchandise

$3,387.90

Cash, Possible Seller Terms, Conventional Financing, 1031 Tax Exchange

Offer is subject to errors, omissions, prior sale, change or withdrawal without notice, and approval of purchase by owner. Information regarding land classification, carrying capacities, maps, etc., is intended only as a general guideline and has been provided by the owners and other sources deemed reliable, but the accuracy cannot be guaranteed. Prospective purchasers are encouraged to research the information to their own satisfaction. NOTE

Please contact Alex Robertson at (541) 420-2394 | arobertson@fayranches.com or Scott Hawes at (541) 419-0770 | shawes@fayranches.com to schedule a showing. This is an exclusive listing. An agent from Fay Ranches must be present at all showings, unless otherwise noted or other arrangements are made. To view other properties, fly fishing properties, and sporting ranches that we have listed, please visit our web page at www.fayranches.com .