3570 N Highway 101 - Office FOR SALE


Depoe Bay, OR 97341
$489,000 USD
541-921-3306
3570 N Highway 101, Depoe Bay, OR for Sale
$489,000 USD
Office - FOR SALE
1/16
null | 5.62% Cap Rate

3570 N Highway 101
Depoe Bay, OR 97341


OVERVIEW

Fantastic income property. Triplex Zoned for just about anything you can want it for. One unit has recently been fully remodeled, the other two were partially updated in 2018. Units 1 and 2 can be combined into one unit. Comes with a big billboard with Northern and Southern Hwy 101 exposure for additional income. If buildings are used to house a business' this is a great asset. This is the first time units have been vacant in years, and are only being kept that way to make it easier to show, and sell. Great spot half way between Newport and Lincoln City. Zoned Commercial tourist so the sky is the limit. Seller is a license broker in the State of Oregon.

FOR SALE DETAILS

PRICE

$489,000 USD

PRICE/SF

$288 USD /SF

CAP RATE

5.62%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Storefront Retail/Office, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1945

SPRINKLERS

-

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,187 SF

ZONING

C-T

APN/PARCEL ID

r263054

ASK ABOUT THIS PROPERTY

Shelli NealRealty One Group At The BeachMore Info
541-921-3306

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Shelli NealRealty One Group At The BeachMore Info
541-921-3306

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.