31020 Us-101 Hebo, OR 97122
This exceptional commercial property, located at 31020 US-101 in Hebo, Oregon, presents a unique investment opportunity. The 1,659 square foot building, constructed in 1925, sits on a substantial 13,503.6 square foot lot, offering ample space for expansion or redevelopment. Currently configured as a mixed-use space including storefront, garage/parking, and convenience store elements, the property's versatility allows for a wide range of commercial applications. Its strategic location along US-101 makes it highly visible and easily accessible to a large volume of traffic, including tourists heading to the Oregon Coast. The property's history as a drop-off point for fishing charters highlights the existing parking capacity, which is a significant asset for any business relying on customer parking. The property's asking price is $599,000. The property is zoned for commercial use and is situated in Tillamook County, Oregon, zip code 97122. This location serves as a central hub for locals and tourists alike, providing a strong foundation for a thriving business. The property's size and location make it an ideal investment for entrepreneurs seeking a high-traffic, coastal Oregon location. The existing structure provides a solid base for immediate occupancy or renovation, offering flexibility to suit a variety of business needs. This is a rare opportunity to acquire a well-positioned commercial property in a desirable coastal Oregon town.
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
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.