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    OFF-MARKET
    Commercial real estate

    35800 Highway 101, Nehalem, OR 97131

    6,157 SF 0.1 ac lot Built 1925
    Property ID
    Property summary
    AI-generated overview

    This exceptional commercial property presents a unique investment opportunity in the heart of Nehalem, Oregon. The main building, a 4,138 square foot C-1 zoned storefront at 35800 7th (Hwy 101) St Unit 35800, enjoys a highly visible corner location, attracting significant foot traffic from locals and tourists alike. The building has served as a family-owned business for two generations and benefits from built-in walk-in storage and rear warehouse space, offering potential for expansion. Convenient rear loading access via an alley is also available. The property includes a separate 2,019 square foot residential unit located at 13050 Tohl St., accessible via a separate exterior entrance. This upstairs unit features three bedrooms, a spacious living room, a kitchen, and additional storage/office/workshop areas. The property sits on a 0.1-acre lot and boasts a newer roof. The commercial space is currently occupied, and showings require prior arrangement. The upstairs residential unit is vacant and readily available for viewing. Seller financing is available with a substantial down payment. The property's prime location is directly across the highway from the Nehalem River, ensuring high visibility and accessibility. This combined commercial and residential property offers a rare opportunity to acquire a well-established business and a comfortable living space in a desirable coastal Oregon town. The total square footage is 6,157 square feet. The asking price is $1,175,000.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1925
    Total area 6,157 SF
    Lot 0.1 ac (4,356 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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