35800 Highway 101, Nehalem, OR 97131
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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