Mixed-Use Storefront
For Sale
$499,000
265 CENTRAL Ave, Coos Bay, OR 97420
CommercialSale, CoosBay, OR
Property Size4,364 SF
Lot Size0.11 Acres
Price / SF$121.59
Days on Market294
Property Features for 265 CENTRAL Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Mixed
Directions
Corner of 3rd St & Central
Subdivision
_260
Standard status
Active
APN
7115500
Size
4,104 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Description
25S-13-26CC-TL7902
Legal Description
25S-13-26CC-TL7902
Utilities
Heating system
Forced Air
Building Details
Year built
1923
Floors in Building
1
Building materials
Concrete
Roof type
Flat, Membrane
Listing Agency:
Beach Loop Realty
(541) 347-1800
Listed By:
Gina Morelli · License #200604248
(541) 404-1804
Added: Dec 20, 2025
Changed: Oct 10
Last Checked: Oct 10 at 11:06AM
MLS# 646385981
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The Palace Building is a 4,104-square-foot mixed-use property on a 0.11-acre parcel, constructed in 1923. Its interior includes a front office, two large main rooms, a kitchen, three restrooms, two bar areas, and storage rooms on the upper level. One bar area is plumbed. Concrete construction, forced-air heating, and a rear loading ramp are among the building’s physical features. The property is currently occupied by Coos Bay Elks Lodge #1160.
At 265 Central Ave in downtown Coos Bay, the building is one block from the waterfront boardwalk and on a street that hosts a seasonal Farmers Market. Public parking is available behind the property and in nearby lots. Zoning is listed as mixed. The existing room arrangement and commercial zoning support consideration of retail, restaurant, office, or multiple-tenant configurations.
At 265 Central Ave in downtown Coos Bay, the building is one block from the waterfront boardwalk and on a street that hosts a seasonal Farmers Market. Public parking is available behind the property and in nearby lots. Zoning is listed as mixed. The existing room arrangement and commercial zoning support consideration of retail, restaurant, office, or multiple-tenant configurations.
Key Highlights
- 4,104 square feet on a 0.11‑acre parcel
- Mixed zoning; potential configurations include retail, restaurant, office, or multiple tenant spaces
- Interior includes a front office, two main rooms, kitchen, three restrooms, two bar areas, and upstairs storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,437
Cap Rate
8.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$868,740
$868.7K
Cap Rate 7%
$620,529
$620.5K
Cap Rate 9%
$482,633
$482.6K
Market Conditions
NOI Build-Up for 4,104 SF
Gross rent
$68.9K $16.80/SF
− Vacancy
−$6.9K −$1.68/SF
EGI
$62.1K $15.12/SF
− OpEx
−$18.6K −$4.54/SF
NOI
$43.4K $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%
$868,740
Cap Rate 7%
$620,529
Cap Rate 9%
$482,633
Alternative Uses
Best Use
Retail
$620.5K
$543.0K – $724.0K
NOI $43,437 @ 7.0% cap · market cap 8.70%
Second Best
Mixed Use
$525.9K
$460.2K – $613.6K
NOI $36,813 @ 7.0% cap · market cap 7.38%
Theoretical Best
Office A
$742.9K
$650.1K – $866.8K
NOI $52,006 @ 7.0% cap · market cap 10.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
925
Businesses Nearby
113k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 51%
Dining 37%
Groceries 6%
Hotels & Casinos 4%
McDonald's
Dining
26,936 visits/mo
0.5 miles
Dollar Tree
Shops & Services
17,436 visits/mo
0.3 miles
Bi-Mart
Shops & Services
14,177 visits/mo
0.3 miles
Dutch Bros. Coffee
Dining
8,544 visits/mo
0.2 miles
Natural Grocers
Groceries
6,790 visits/mo
0.2 miles
Demographics for 97420, OR
27,454
Population
12,967
Households
2.1
Avg Household Size
46
Median Age
19%
College-Educated
89%
High-School Grad
273.9 sq mi
ZIP Area
100
Density / Sq Mi
$61,624
Median Household Income
$35,536
Median Earnings
$982
Median Rent
$282,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Interior rooms include a kitchen, three restrooms, and two bar areas, one of which is plumbed.
Where is this mixed-use property located?
The property is located at 265 CENTRAL Ave Coos Bay, OR.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 4,104 square feet on a 0.11‑acre parcel; Mixed zoning; potential configurations include retail, restaurant, office, or multiple tenant spaces; Interior includes a front office, two main rooms, kitchen, three restrooms, two bar areas, and upstairs storage
