3400 Oregon Coast Hwy, Depoe Bay, OR 97341
This exceptional commercial property, located at 3400 Oregon Coast Highway in Depoe Bay, Oregon (zip code 97341), presents a unique investment opportunity. The property encompasses 0.23 acres and is zoned C-1 Commercial, allowing for a wide range of uses. The listing includes four parcels, offering significant development potential. Permitted uses include multi-family dwellings, condominiums, retail stores or shops, restaurants, bars, and taverns. The property boasts prime highway frontage on Highway 101, providing excellent visibility and accessibility. Its location in the heart of downtown Depoe Bay offers unparalleled exposure to a thriving tourist destination known for its stunning ocean views and whale watching opportunities. The property's proximity to other established businesses creates a synergistic environment for growth and expansion. This is a chance to capitalize on the vibrant Depoe Bay market and create a thriving commercial venture with breathtaking ocean views. The Lincoln County location and the multiple parcels provide flexibility for various development scenarios. This is an exceptional opportunity to own a piece of the Oregon Coast's commercial landscape. Additional adjacent parcels (MLS #24-791) are available for purchase, expanding the total land area to six lots. The asking price for this remarkable property is $625,000. APN: 091105cd-3301-00 : 091105cd-3400-00.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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