161 Anderson Ave Coos Bay, OR 97420

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.