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    Michigan Ave Coos Bay, OR 97420

    Sponsored
    For Sale
    $499,950

    Rare Island & Beachfront Opportunity!

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional 28-acre commercial property, located at 0 Michigan Ave, Coos Bay, Oregon (97420), presents a unique investment opportunity. Situated on the waterfront, this land boasts its own private beach and island, a truly rare find in the market. Zoned W-I and C, the property offers considerable flexibility for development. Existing pilings and platted access are in place, simplifying development plans. The land comprises several tax lots, providing potential for diverse uses. Its strategic location directly across from the proposed new container facility on the North Spit offers significant long-term growth potential. Imagine the possibilities: a private retreat, a commercial venture capitalizing on the thriving salmon fishing industry, or a unique combination of both. This is a chance to own a piece of Oregon's stunning coastline with exceptional commercial potential. The asking price is $499,950. Don't miss this extraordinary chance to create something truly special. This property is ready for your vision.

    Property Features for 0 Michigan Ave

    General Information

    Property type
    Land
    Lot Size
    1,219,680 SF

    HighLights

    • 28‑acre waterfront commercial property in Coos Bay, Oregon.
    • Features a private beach and island.
    • Zoned W‑I and C, allowing for flexible development.
    • Existing pilings and platted access simplify development.
    • Multiple tax lots offer diverse usage potential.
    • Located across from a proposed new container facility, offering significant long‑term growth.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Coos Bay
    County
    Coos
    State
    Oregon
    Longitude
    -124.2735959
    Latitude
    43.3903108

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    FAQs

    What type of property is this?
    Land - Rare Island & Beachfront Opportunity!
    Where is this land located?
    The property is located at Michigan Ave Coos Bay, OR.
    What is the asking price?
    The asking price for this property is $499,950.
    What are key features of this property?
    This property features: 28-acre waterfront commercial property in Coos Bay, Oregon.; Features a private beach and island.; Zoned W-I and C, allowing for flexible development.
    (541) 217-7710
    Request Owner's contact information
    Michigan 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
    Michigan Ave Coos Bay, OR 97420
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