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531 N Hwy 101

Depoe Bay, OR 97341
  • $2,000,000
  • STATUS: Active
  • ON SITE: 396 Days
  • MLS #: 780241
UPDATED: 13 min ago
$2,000,000
  • 0
    BEDS
  • 0.73
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 11,240
    SQFT
  • $178
    $/SQFT
Neighborhood:
Type:
Commercial
County:

School Ratings & Info

Listing provided courtesy of Zenith Realty, Llc: 503-580-2941. Listing information © 2022 Willamette Valley Multiple Listing Service



Description

Fantastic opportunity for investors, owner-users. Large Office-Retail building on ocean side of Hwy 101 in Depoe Bay, a heavily traveled, popular Oregon coastal tourist destination w/ocean views. 65% leased. Drive-bys welcome; do not disturb tenants. Potential seller financing or purchase on land lease.

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© 2022 Willamette Valley Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Mid-Willamette. Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market.Data last updated: 2022-08-09T19:08:54.043.
www.suelongrealty.com/homes/119083536
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531 N Hwy 101 Depoe Bay, OR 97341

  • Price: $2,000,000
  • Status: Active
  • On Site: 396 Days
  • Updated: 13 min ago
  • MLS #: 780241
0
Beds
0
Baths
0
½ Baths
0.73
Acres
11,240
SQFT
$178
$/SQFT
Neighborhood:
Os Outside 4 County Area
County:
Lincoln
Area:
Os Outside 4 County Area
Property Description
Fantastic opportunity for investors, owner-users. Large Office-Retail building on ocean side of Hwy 101 in Depoe Bay, a heavily traveled, popular Oregon coastal tourist destination w/ocean views. 65% leased. Drive-bys welcome; do not disturb tenants. Potential seller financing or purchase on land lease.
Exterior Features

Access PavedState Highway Foundation ContinuousSlab Frontage Feet 200 Railroad No Roof Built-Up Siding Fiber CementVinyl Siding Style Lap Signage Yes Trailer Parking No View Territorial

Interior Features

Basement DaylightFinished Heating ElectricForced AirHeat Pump

Property Features

Adjusted Gross Income 118704 Assessments Or Liens No Cap Rate 4.0% Cash Flow Before Taxes 67154 Commercial Type Retail Confidentiality Agreement Required Yes Cross Street Vista Electric 4500 Exclusions All Tenant Personal Property Flood Plain No Garbage 1900 Gross Sched Income 118704 High Speed Comm Access Available Inclusions All Extra Building Materials Etc in Suites Insurance 3550 Janitor Lawn 4900 Maintenance 15000 Mgmt Acct 8900 Net Income 67154 New Construction No Owner Managed No Owner Occupied No Possession Nego Property Name Mall 101 Property Taxes 8000 Property Use Type BusinessInvestmentOwner-User Seller To Do1031 No Sewer City Source Of Square Feet County Suitable For Industrial Office ShowroomResearch &Amp; Development Suitable For Office Institutional/GovMedical OfficeOffice BuildingOffice-R&Amp;DOffice-Warehouse Suitable For Shopping Center Convenience/Strip Center Tax Amount 8092 Tax Years 2021 Tenancy Multiple Terms Seller Will Consider CashConventionalLand Sales ContractLease Option Total Expenses 51550 Water City Water Sewer 4800 Zoning C-1

© 2022 Willamette Valley Multiple Listing Service. All rights reserved.


© 2022 Willamette Valley Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Mid-Willamette. Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market.Data last updated: 2022-08-09T19:08:54.043.
 
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Keller Williams Mid-Willamette
1121 NW 9th St.
Corvallis OR, 97330
Listing provided courtesy of Zenith Realty, Llc: 503-580-2941. Listing information © 2022 Willamette Valley Multiple Listing Service