115 Highway 101Waldport, OR 97394

This exceptional mixed-use property, situated at 115 SW Hwy 101 in Waldport, Oregon, presents a compelling investment opportunity. The 10,454.4 square foot lot, built in 1969, currently houses two thriving businesses: Left Coast Burger Shack and Espresso 101, resulting in a 50% occupancy rate. The asking price is $445,000. The property's classification includes land, mixed-use, and retail, with subtypes encompassing commercial, restaurant, and bar uses. Its strategic location directly on the busy Highway 101 ensures high visibility and accessibility. The property also features additional parking at the rear, offering potential for expansion and the addition of a third tenant. This almost quarter-acre lot provides ample space for future development or enhancement of existing businesses. The property benefits from its proximity to both Newport (15 miles south) and Florence (35 miles north), offering access to significant shopping and recreational areas. Waldport's unique coastal location, where the forest meets the sea, adds to the property's appeal and potential for growth. This is a rare chance to acquire a well-located, income-producing property with significant upside potential in a desirable Oregon coastal town. The property is zoned for commercial, restaurant, and bar uses.