Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    3451 Highway 101 Florence, OR 97439

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,160,000

    Freestanding 17,272 SF building on Highway 101 for sale.

    Property size:
    17,272 SF
    Lot size:
    1.47 Acres

    Property Features for 3451 Highway 101

    General Information

    Size
    17,272 SF
    Lot size
    1.47 Acres

    Source: Marcus & Millichap, Inc. Agent Clayton Brown

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Florence Retail Redevelopment Opportunity

    This 17,272-square-foot freestanding building, constructed in 2008, is available for purchase. The concrete block building includes a drive-thru and abundant on-site parking. Situated on a signalized hard corner, the property benefits from high visibility and direct exposure to over 34,000 vehicles per day on Highway 101. Its location near a high-volume Fred Meyer, which attracts over 1.4 million visitors annually, provides significant consumer traffic. The property is surrounded by national and regional retailers, including Safeway, Bi-Mart, Grocery Outlet, and Dollar Tree. The location benefits from Florence’s demographics, consistent population growth, and tourism, which brings in between 750,000 to 1 million visitors annually. The building's flexible rectangular layout and double drive-thru make it suitable for various uses, including retail, medical, or service-oriented businesses. This property presents an opportunity for investors or owner-users seeking a high-exposure site in a coastal community.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Drug stores

    Suggested Use

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

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

    Similar Places Nearby

    Rite Aid Pharmacy, Tze Y. Juang, Pharm, Howard Williams, Louise Van Oosten, Florence Pharmacy

    Location Insight

    • Map
    • Local Demand
    City
    Florence
    County
    Lane
    State
    Oregon
    Longitude
    -124.1022113
    Latitude
    43.996503

    Nearby Similar for Sale

    • $475,000
      1,920 SF

      Well-Maintained Duplex Near Hospital

      Refreshed duplex near schools and hospital with long-term tenants.
      1635 30Th St, Florence, OR 97439
      View Details
    • $149,500
      0.11 Acres

      Gated Community RV Lot

      Charming RV lot with travel trailer in gated community.
      248 Horseshoe Bnd, Florence, OR 97439
      View Details
    • $225,000
      1,716 SF

      Established Kitchen Store in Florence

      Well-established kitchen store on Bay Street in Old Town Florence.
      1258 Bay St, Florence, OR 97439
      View Details
    • $1,345,000
      4,000 SF

      Highway Frontage Commercial Building

      Newer 4000 sqft commercial building on 0.69 acres.
      5129 N Loftus Rd, Florence, OR 97439
      View Details
    • $588,000
      3,457 SF

      Versatile Commercial Property in Florence

      Spacious commercial building in central Florence, ideal for various ventures.
      1576 12Th St, Florence, OR 97439
      View Details
    • $499,000

      Established Automotive Business For Sale

      Profitable auto repair and tire business with loyal clientele.
      4515 Highway 101, Florence, OR 97439
      View Details

    FAQs

    What type of property is this?
    Drug store - Freestanding 17,272 SF building on Highway 101 for sale.
    Where is this drug store located?
    The property is located at 3451 Highway 101 Florence, OR.
    What is the asking price?
    The asking price for this property is $2,160,000.
    What are key features of this property?
    This property features: - Value-add or redevelopment opportunity in a thriving retail corridor.; - High-traffic location on a signalized hard corner with exceptional visibility and direct exposure to over 34,000 vehicles per day.; - Freestanding 17,272 SF building built in 2008, priced at $125/SF, a fraction of the cost to build comparable new construction.
    (206) 826-5700
    Request Owner's contact information
    3451 Highway 101 Florence, OR 97439
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3451 Highway 101
    Florence, OR 97439
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    3451 Highway 101 Florence, OR 97439
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.