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    161 Anderson Ave Coos Bay, OR 97420

    Sponsored
    For Sale
    $425,000

    10,000 SF, Vacant, High-Traffic Location

    Property size:
    10,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 10,000-square-foot mixed-use building, located at 161 Anderson Ave in Coos Bay, Oregon, presents a unique investment opportunity. Built in 1953 and renovated in 2015, this two-story, Class C property boasts a versatile layout previously used as medical office, restaurant, and traditional office space. Currently vacant, the building offers significant potential for a variety of uses, benefiting from its prime downtown location. The property features a recently updated interior, including new carpeting in a large room, and a recently inspected fire alarm/sprinkler system. Ample parking is available in nearby public lots and on the street. Its prominent location on Anderson Avenue ensures high visibility from Highway 101, attracting both vehicular and pedestrian traffic. Situated within the Facade Improvement and Urban Renewal grant zones, this property offers potential for additional financial incentives. The vibrant downtown area provides access to the farmer's market, annual festivals, the Coos Bay Art Museum, a local brewery, and the waterfront boardwalk. The 0.15-acre lot is zoned C-MX, and the building is priced at $425,000 ($42.50/sq ft), representing a significant value proposition. The property's proximity to Highway 101 and abundant public parking further enhances its appeal. A neighboring building is also available for purchase. This is a rare chance to acquire a well-located, versatile commercial property in a thriving Oregon coastal community.

    Property Features for 161 Anderson Ave

    General Information

    Property type
    Restaurants
    Square Feet
    10,000 SF
    Class
    C
    Lot Size
    6,534 SF

    Building Details

    Year Built/Renovated
    1953/2015
    Buildings
    1
    Stories
    2

    HighLights

    • Recently updated 10,000 sq ft mixed‑use building.
    • One block from Highway 101, ensuring high visibility.
    • Adjacent to ample public parking.
    • Located in Coos Bay's Urban Renewal District, offering potential grant opportunities.
    • Priced at $425,000 ($42.50/sq ft), significantly below replacement cost.
    • Neighboring building also available for purchase.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Coos Bay
    County
    Coos
    State
    Oregon
    Longitude
    -124.2142486
    Latitude
    43.367027

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    FAQs

    What type of property is this?
    Restaurant - 10,000 SF, Vacant, High-Traffic Location
    Where is this restaurant located?
    The property is located at 161 Anderson Ave Coos Bay, OR.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: Recently updated 10,000 sq ft mixed-use building.; One block from Highway 101, ensuring high visibility.; Adjacent to ample public parking.
    Request Owner's contact information
    161 Anderson Ave Coos Bay, OR 97420
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    Coos Bay, OR 97420
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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
    161 Anderson Ave Coos Bay, OR 97420
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