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    112 Highway 101 Depoe Bay, OR 97341

    Sponsored
    For Sale
    $1,750,000

    Live/work/play coastal gem. Rare opportunity!

    Property size:
    3,324 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Depoe Bay property, located at 112 & 114 N Hwy 101, presents a unique investment opportunity. Boasting 3,324 square feet on a 4,356 square foot lot, this mixed-use building combines commercial and residential space. The ground floor currently houses a coffee/gift shop with Highway 101 frontage, offering high visibility in this popular tourist destination known for whale watching and its small harbor. Upstairs, a stunning residence features breathtaking ocean views from nearly every room, including a living room with a gas fireplace and wall of windows, a gourmet gas kitchen, and two en-suite bedrooms, each with its own sitting area. An attic/bonus room provides additional space. A 616-square-foot ocean-view studio apartment, currently under construction on the first floor, adds to the rental potential. The property includes four off-street parking spaces and a one-car garage accessible from the second-floor residence. Built in 1986, this property offers numerous possibilities, from continuing the existing retail business to exploring other commercial ventures or maximizing short-term rental income. All furnishings are negotiable. The asking price is $1,750,000. Potential buyers should verify permitted commercial uses and short-term rental regulations with the city.

    Property Features for 112 Highway 101

    General Information

    Property type
    Multifamily properties
    Square Feet
    3,324 SF

    Building Details

    Year Built
    1986
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential income homes

    Suggested Use

    Realty agency Restaurant Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Depoe Bay
    County
    Lincoln
    State
    Oregon
    Longitude
    -124.0617423
    Latitude
    44.8102108

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Multifamily property - Live/work/play coastal gem. Rare opportunity!
    Where is this multifamily property located?
    The property is located at 112 Highway 101 Depoe Bay, OR.
    What is the asking price?
    The asking price for this property is $1,750,000.
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    112 Highway 101 Depoe Bay, OR 97341
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    Depoe Bay, OR 97341
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    112 Highway 101 Depoe Bay, OR 97341
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