751 Riverside Dr Coquille, OR 97423
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Riverfront income property, multi-tenant, high cap rate.
Property size:
3,456 SFProperty Features for 751 Riverside Dr
General Information
- Property type
- Individual retail properties
- Square Feet
- 3,456 SF
- Lot Size
- 31,799 SF
Building Details
- Year Built
- 1960
- Buildings
- 2
Listing Agency: Pacific Properties Listing Agent: Joel Sweet
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional Coquille, Oregon, investment opportunity presents a mixed-use retail complex situated on a 0.73-acre waterfront lot at 751 W Riverside Dr, 97423. The property boasts two buildings totaling 3,456 square feet, constructed in 1960 with durable metal roofing, hardy cement siding, and a substantial concrete pillar foundation. Currently 80% occupied, the property generates a monthly income of $3,250 with long-term tenants. The lease structure is Net-Net (NN), with the owner responsible for taxes, insurance, water, sewer, and garbage; tenants cover electricity, gas, and janitorial services. A vacant shop with an office and bathroom offers potential for increased revenue; a shop could be leased for $950 per month. The property features a large deck overlooking the river, ample paved parking for 30 vehicles, and is zoned C-2. The asking price is $525,000, representing a compelling 6.33% cap rate and a price per square foot of $151.91. The remaining lease term on existing tenancies is two years. This property offers a rare combination of strong income generation, desirable waterfront location, and significant upside potential. The APN is 888200.
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Map
- City
- Coquille
- County
- Coos
- State
- Oregon
- Longitude
- -124.1971215
- Latitude
- 43.1742378
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FAQs
What type of property is this?
Individual retail property - Riverfront income property, multi-tenant, high cap rate.
Where is this individual retail property located?
The property is located at 751 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: $525,000 asking price.; Retail and land property with a storefront subtype.; Net-Net lease, multi-tenant occupancy with 2 years remaining on leases.
