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    1145 Main Ave Tillamook, OR 97141

    Sponsored
    For Sale
    $690,000

    High-traffic Hwy 101 location, excellent investment.

    Property size:
    2,657 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional 2,657 square foot commercial building is ideally situated on Highway 101 in Tillamook, Oregon, boasting a highly desirable location with significant traffic volume. The free-standing structure sits on a 0.67-acre lot and includes an extra-large parking area for ample customer convenience. The building has undergone recent significant improvements, including a new roof installed in August 2017 at a cost of $65,000, and fresh exterior paint applied in 2019. Currently leased to a Chinese restaurant on a month-to-month basis for over 12 years, the tenant has expressed interest in a long-term lease agreement. This presents a unique opportunity for both owner-occupancy and investment purposes. The property's strong location, recent upgrades, and established tenancy make it an attractive proposition for a variety of commercial uses. The asking price is $690,000. This is a rare chance to acquire a well-maintained, high-visibility commercial property in a thriving Oregon coastal community. Serious inquiries are encouraged.

    Property Features for 1145 Main Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    2,657 SF
    Lot Size
    29,185 SF

    Building Details

    Year Built
    1978
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tillamook
    County
    Tillamook
    State
    Oregon
    Longitude
    -123.8437
    Latitude
    45.46477

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    FAQs

    What type of property is this?
    Commercial real estate - High-traffic Hwy 101 location, excellent investment.
    Where is this commercial real estate located?
    The property is located at 1145 Main Ave Tillamook, OR.
    What is the asking price?
    The asking price for this property is $690,000.
    (503) 719-6056
    Request Owner's contact information
    1145 Main Ave Tillamook, OR 97141
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1145 Main Ave Tillamook, OR 97141
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