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OFF-MARKET
Specialty properties

31020 Us-101 Hebo, OR 97122

1,659 SF Built 1925
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Specialty properties
Year built 1925
Total area 1,659 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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