Commercial Land with Shop
For Sale
$389,000
240 Highway 101, Bandon, OR 97411
C-2-zoned corner site combines a shop building, attached two-bay dog wash, and redevelopment flexibility.
Property Size3,040 SF
Price / SF$127.96
Days on Market56
Property Features for 240 Highway 101
General Information
Standard status
Active
Size
3,040 SF
Building Details
Year Built
1975
Listing Agency:
National Real Estate
Listed By:
Samantha Oswald · License #201206101
(541) 252-0964
Source:
Wisser
Added: Aug 20
Changed: Oct 2
Last Checked: Oct 6 at 12:38AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of National Real Estate
Investment Insights
Based on property information with market context.
This C-2 commercial property covers 0.32 acres across two tax lots and includes a 3,040-square-foot shop building constructed in 1975. The existing improvements include a shop door, multiple air compressors, two mini-split systems, and a full bathroom with tub and shower. Embroidery and screen-printing equipment conveys with the property. An attached, separately operated dog wash provides an existing 24-hour, two-bay use.
Located at 240 Highway 101 in Bandon, the corner site sits across from downtown with direct Highway 101 access and visibility. The property is near downtown shops, galleries, and restaurants, with the beach and coastline a short drive away. A new crosswalk at the corner supports pedestrian access, and the City of Bandon owns the adjacent lot.
C-2 zoning supports retail sales and service, offices, auto repair and sales, lodging, and machinery or equipment sales and service, with additional conditional-use options. The site allows a buildable footprint of up to 6,608 sq ft and a 45-foot height allowance.
Located at 240 Highway 101 in Bandon, the corner site sits across from downtown with direct Highway 101 access and visibility. The property is near downtown shops, galleries, and restaurants, with the beach and coastline a short drive away. A new crosswalk at the corner supports pedestrian access, and the City of Bandon owns the adjacent lot.
C-2 zoning supports retail sales and service, offices, auto repair and sales, lodging, and machinery or equipment sales and service, with additional conditional-use options. The site allows a buildable footprint of up to 6,608 sq ft and a 45-foot height allowance.
Key Highlights
- C‑2 commercial property spanning 0.32 Acre across two tax lots
- 3,040‑square‑foot shop building constructed in 1975
- Buildable footprint up to 6,608 sq ft with a 45‑foot height allowance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,175
Cap Rate
8.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$643,500
$643.5K
Cap Rate 7%
$459,643
$459.6K
Cap Rate 9%
$357,500
$357.5K
Market Conditions
NOI Build-Up for 3,040 SF
Gross rent
$51.1K $16.80/SF
− Vacancy
−$5.1K −$1.68/SF
EGI
$46.0K $15.12/SF
− OpEx
−$13.8K −$4.54/SF
NOI
$32.2K $10.58/SF
Area
Coos County, OR
Vacancy
10.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$643,500
Cap Rate 7%
$459,643
Cap Rate 9%
$357,500
Alternative Uses
Best Use
Retail
$459.6K
$402.2K – $536.3K
NOI $32,175 @ 7.0% cap · market cap 8.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$550.3K
$481.5K – $642.1K
NOI $38,523 @ 7.0% cap · market cap 9.90%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
474
Businesses Nearby
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Business Placement
Demographics for 97411, OR
7,572
Population
4,396
Households
1.7
Avg Household Size
59
Median Age
27%
College-Educated
95%
High-School Grad
128.6 sq mi
ZIP Area
59
Density / Sq Mi
$48,476
Median Household Income
$27,375
Median Earnings
$920
Median Rent
$425,800
Median Home Value
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Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Commercial land - C-2-zoned corner site combines a shop building, attached two-bay dog wash, and redevelopment flexibility.
Where is this commercial land located?
The property is located at 240 Highway 101 Bandon, OR.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: C‑2 commercial property spanning 0.32 Acre across two tax lots; 3,040‑square‑foot shop building constructed in 1975; Buildable footprint up to 6,608 sq ft with a 45‑foot height allowance
