Riverfront Income Property with
751 W Riverside Dr, Coquille, OR 97423
Call to check price and availability
Income-generating riverfront property with long-term leases and a vacant shop.
Type:Retail, Land
Property size:
3,456 SFPrice / SF:
$151/SF- Added:
- Dec 5, 2023
- Days on Market:
- 909
- Last Refresh:
- May 12 at 9:25 pm
Property Features for 751 W Riverside Dr
General Information
- Standard status
- Active
- Size
- 3,456 SF
- Property subtype
- Retail, Land
Building Details
- Year Built
- 1960
Listing agent Joel Sweet License #201214598
Listing office Pacific Properties (541) 217-7710
Listing date Dec 5, 2023
Source Crexi
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 Pacific Properties
HighLights
- River front income property generating $3,250 per month with long term leases.
- Separate vacant shop with office and bathroom, potential for additional $950/month lease income.
- Buildings built to last with metal roof, hardy cement siding, and massive concrete pillar foundation.
- Enjoy the large deck overlooking the river front.
- Excellent layout with common lobby area leading to clean, updated spaces with attractive finishes and fixtures.
- Large paved parking.
Overview
This riverfront income property generates $3,250 per month from long-term leases. The buildings feature metal roofs, hardy cement siding, and massive concrete pillar foundations. The layout includes a common lobby area leading to clean, updated spaces with attractive finishes and fixtures. A large deck overlooks the riverfront. A separate shop with an office and bathroom is currently vacant and could be leased for $950 per month. The owner covers taxes, insurance, water/sewer, and garbage, while tenants pay for electric, gas, and janitorial services. The property includes a large paved parking area. The property size is 3,456 square feet. This property is suitable for retail and commercial use.
Local Financial Insights For Retail
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 | $58.1k | $16.80 |
| − Vacancy | −$5.8k | −$1.68 |
| EGI | $52.3k | $15.12 |
| − OpEx | −$15.7k | −$4.54 |
| NOI | $36.6k | $10.58 |
3,456 SF · lease $16.80/SF/yr · vacancy 10.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$522.5K
$457.2K – $609.6K
NOI $36,578 @ 7.0% cap · market cap 6.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$625.6K
$547.4K – $729.9K
NOI $43,794 @ 7.0% cap · market cap 8.34%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Commercial land
Map
- City
- Coquille
- County
- Coos
- State
- Oregon
- Longitude
- -124.223
- Latitude
- 43.1802
Nearby Similar for Sale
FAQs
What type of property is this?
Retail property - Income-generating riverfront property with long-term leases and a vacant shop.
Where is this retail property located?
The property is located at 751 W Riverside Dr Coquille, OR.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: River front income property generating $3,250 per month with long term leases.; Separate vacant shop with office and bathroom, potential for additional $950/month lease income.; Buildings built to last with metal roof, hardy cement siding, and massive concrete pillar foundation.
