Mixed-Use Property with Restaurant
For Sale
$699,000
50316 COLUMBIA RIVER HWY, Scappoose, OR 97056
Two-story residence accompanies a commercial building with kitchen, bar, coolers, outdoor seating, and updated HVAC.
Property Size3,562 SF
Lot Size2.16 Acres
Price / SF$196.24
Days on Market337
Property Features for 50316 COLUMBIA RIVER HWY
General Information
Standard status
Active
Size
3,562 SF
Lot size
2.16 Acres
Property subtype
Commercial
Restaurant
Patio
Yes
Equipment Included
Yes
Taxes and HOA fees
Annual Taxes
$8,976
Building Details
Building Size
3,562 SF
Year Built
1949
Listing Agency:
eXp Realty, LLC
Listed By:
Matthew Speight
(503) 849-0307
Source:
Currangrouprealtors
Added: Nov 26, 2025
Changed: Oct 28
Last Checked: Oct 28 at 2:25PM
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 eXp Realty, LLC
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Investment Insights
Based on property information with market context.
This 2.16-acre mixed-use property combines a commercial building with a two-story residence. The approximately 3,562-square-foot commercial space was formerly used as a restaurant and bar, with a dining area, full bar, dance floor, full kitchen, two newer walk-in coolers, a newer two-sided cooler, outdoor seating, and updated HVAC. The approximately 1,896-square-foot home includes two nonconforming bedrooms, two baths, a family room, pantry kitchen, walk-in closet, bonus room with wet bar, and view deck.
Additional improvements include a carport, fenced yard, patio, storage shed, four detached garages, RV carport, and a bonus vacant lot. The property is located at 50316 Columbia River Hwy in Scappoose, Oregon, and the improvements date to 1949.
Additional improvements include a carport, fenced yard, patio, storage shed, four detached garages, RV carport, and a bonus vacant lot. The property is located at 50316 Columbia River Hwy in Scappoose, Oregon, and the improvements date to 1949.
Key Highlights
- 2.16‑acre mixed‑use property at 50316 Columbia River Hwy
- Approximately 3,562‑square‑foot commercial building with full kitchen, bar, dance floor, and dining area
- Two newer walk‑in coolers, newer two‑sided cooler, and updated HVAC
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,242
Cap Rate
7.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,084,840
$1.1M
Cap Rate 7%
$774,886
$774.9K
Cap Rate 9%
$602,689
$602.7K
Market Conditions
NOI Build-Up for 3,562 SF
Gross rent
$76.9K $21.60/SF
− Vacancy
−$4.6K −$1.30/SF
EGI
$72.3K $20.30/SF
− OpEx
−$18.1K −$5.08/SF
NOI
$54.2K $15.23/SF
Area
Columbia County, OR
Vacancy
6.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,084,840
Cap Rate 7%
$774,886
Cap Rate 9%
$602,689
Alternative Uses
Best Use
Specialty Retail
$774.9K
$678.0K – $904.0K
NOI $54,242 @ 7.0% cap · market cap 7.76%
Second Best
Mixed Use
$687.0K
$601.1K – $801.5K
NOI $48,087 @ 7.0% cap · market cap 6.88%
Theoretical Best
Office A
$961.5K
$841.3K – $1.12M
NOI $67,303 @ 7.0% cap · market cap 9.63%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
41
Businesses Nearby
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Business Placement
Demographics for 97056, OR
12,926
Population
5,179
Households
2.5
Avg Household Size
44
Median Age
23%
College-Educated
91%
High-School Grad
110.7 sq mi
ZIP Area
117
Density / Sq Mi
$95,351
Median Household Income
$50,489
Median Earnings
$1,612
Median Rent
$437,500
Median Home Value
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-story residence accompanies a commercial building with kitchen, bar, coolers, outdoor seating, and updated HVAC.
Where is this mixed-use property located?
The property is located at 50316 COLUMBIA RIVER HWY Scappoose, OR.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 2.16‑acre mixed‑use property at 50316 Columbia River Hwy; Approximately 3,562‑square‑foot commercial building with full kitchen, bar, dance floor, and dining area; Two newer walk‑in coolers, newer two‑sided cooler, and updated HVAC
