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    Flex Space with Highway Frontage Title is generated by Realmo AI

    20 Willow Street, Depoe Bay, OR 97341

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    For Sale
    $800,000

    COMMERCIAL - Depoe Bay, OR

    Type:Office
    Property size:
    3,480 SF
    Lot size:
    0.39 Acres
    Price / SF:
    $229/SF
    Added:
    Jun 4, 2026
    Days on Market:
    34
    Last Refresh:
    Jul 7 at 7:06 pm

    Property Features for 20 Willow Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Zoning
    C-2 General Commercial
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2
    Parking
    10
    Parking features
    Garage - Detached, RV
    Fencing
    Chain Link
    Appliances
    Dishwasher, Water Heater, Refrigerator
    Standard status
    Active
    APN
    9100
    Size
    3,480 SF
    Lot size
    0.39 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    2477

    Utilities

    Sewer type
    Private Sewer
    Heating system
    Natural Gas, Electric (Heating)
    Water source
    Public

    Building Details

    Year built
    1993
    Floors in Building
    2
    Flooring type
    Carpet, Vinyl
    Building materials
    Concrete, T1-11 Type
    Roof type
    Composition
    Additional Structures
    Workshop

    We can help!

    Contact an agent
    Nancy Barclay Moore

    Listing agent Nancy Barclay Moore License #201211803

    Listing office Barclay - Properties, LLC 1501 SE East Devils Lake Road unit 598, Lincoln City, OR

    Listing date Jun 4, 2026

    MLS# 26-1552

    Copyright © 2026 Oregon Coast MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Two‑lot commercial property with 200' of Hwy 101 frontage and zoning for commercial use
    • Includes 3 remodeled buildings: an office/living unit with updated foundation work, insulation, sheet rock, windows/patio door, new roofs, and new heating/AC
    • Updated interior and exterior work in the office/living unit with a new electrical panel, new kitchen, and new paint
    • Large 26' x 40' shop with three large pull‑up doors for easy access; garage/shop unit is 20' x 35'
    • Parking and storage include detached garage and RV space; chain‑link fencing on site
    • Utilities and services: public water and private sewer; county confirmed the vacant back lot can be hooked up to county water & sewer

    Overview

    The property consists of two lots with three remodeled buildings, offering a flexible live-work setup. The office/living unit has undergone a complete remodel that includes an upgraded foundation, new insulation, sheetrock, new windows and a patio door, new roofs, and new heating/AC. Electrical improvements include a new electrical panel, along with new kitchen finishes and interior and exterior paint. The larger 26' x 40' shop features three large pull-up doors for straightforward access. A second garage/shop unit measures 20' x 35' and can be rewired for 600 amps, supporting heavier power needs.

    Located in Depoe Bay, Oregon on Central Oregon Coast, the site is zoned C-2 General Commercial. The property includes 200 feet of highway frontage, providing direct access and visibility for business activity.

    This configuration is well suited for tenants or owner-operators looking for commercial zoning paired with functional shop space and an on-site office/living component. The site also includes a vacant lot that Lincoln County has confirmed can be hooked up to county water and sewer, creating room for expansion or additional uses. The property description notes plenty of room for equipment and RV storage, which can support operations that require onsite staging.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $92.7k $26.64
    − Vacancy −$21.3k −$6.13
    EGI $71.4k $20.51
    − OpEx −$17.8k −$5.13
    NOI $53.5k $15.38
    3,480 SF · lease $26.64/SF/yr · vacancy 23.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $764.8K
    $669.2K – $892.3K (±1% cap)
    NOI $53,538 @ 7.0% cap · market cap 6.69%
    Second Best
    Warehouse
    $610.4K
    $534.1K – $712.1K (±1% cap)
    NOI $42,728 @ 7.0% cap · market cap 5.34%
    Theoretical Best
    Office A
    $907.7K
    $794.2K – $1.06M (±1% cap)
    NOI $63,539 @ 7.0% cap · market cap 7.94%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Parking Lot & Garage Building Supply Auto Repair Shop Storage Facility (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Cafe & Coffee Shop Grocery & Convenience Store Hair Salon Big Box & Wholesale Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Depoe Bay
    County
    Lincoln
    State
    Oregon
    Longitude
    -124.044491
    Latitude
    44.850084

    FAQs

    What type of property is this?
    Flex space - Remodeled flex property with office/living improvements, shop bays, and commercial zoning on 200 feet of highway frontage.
    Where is this flex space located?
    The property is located at 20 Willow Street Depoe Bay, OR.
    What is the asking price?
    The asking price for this property is $800,000.
    What are key features of this property?
    This property features: Two‑lot commercial property with 200' of Hwy 101 frontage and zoning for commercial use; Includes 3 remodeled buildings: an office/living unit with updated foundation work, insulation, sheet rock, windows/patio door, new roofs, and new heating/AC; Updated interior and exterior work in the office/living unit with a new electrical panel, new kitchen, and new paint
    More about this property
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