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Listing provided courtesy of ZENITH REALTY, LLC: 503-580-2941.

531 N Hwy 101

Depoe Bay, OR 97341
  • $500,000
  • STATUS: Active
  • ON SITE: 1110 Days
  • MLS #: 780241
UPDATED: 123 min ago
$500,000
  • 0
    BEDS
  • 0.73
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 11,240
    SQFT
  • $44
    $/SQFT
Neighborhood:
Type:
Commercial
County:

School Ratings & Info

Listing provided courtesy of ZENITH REALTY, LLC: 503-580-2941. Listing information © 2024 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. Building-only for sale; doesnot include land. Land available on land lease executed simultaneously at time of sale.

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Willamette Valley MLS logo © 2024 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. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. Data last updated: 2024-07-23T21:09:56.6.
www.suelongrealty.com/homes/119083536
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531 N Hwy 101 Depoe Bay, OR 97341

  • Price: $500,000
  • Status: Active
  • On Site: 1110 Days
  • Updated: 123 min ago
  • MLS #: 780241
0
Beds
0
Baths
0
½ Baths
0.73
Acres
11,240
SQFT
$44
$/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. Building-only for sale; doesnot include land. Land available on land lease executed simultaneously at time of sale.
Exterior Features

Access PavedState Highway Foundation ContinuousSlab Frontage Feet 0 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 on prop 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 & Development Suitable For Office Institutional/GovMedical OfficeOffice BuildingOffice-R&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

© 2024 Willamette Valley Multiple Listing Service. All rights reserved.


Willamette Valley MLS logo © 2024 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. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. Data last updated: 2024-07-23T21:09:56.6.
 
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Keller Williams Mid-Willamette
201 NW 3rd St
Corvallis OR, 97330
Listing provided courtesy of ZENITH REALTY, LLC: 503-580-2941. Listing information © 2024 Willamette Valley Multiple Listing Service