35800 7Th St Nehalem, OR 97131
- Retail properties
- 6,157 SF
- 0.10 lot acres
Current Use by Public Records
- Retail properties
Property Details for 35800 7Th St
- Year built
- 1925
- Lot size
- 0.10 lot acres
- Property size
- 6,157 SF
- Property type
- Retail properties
- Property subtype
- Mixed-use properties
Description
This exceptional investment opportunity presents a thriving grocery store and mixed-use property in the heart of Nehalem, Oregon. The 6,157 square foot building, constructed in 1925 and situated on a 0.1-acre lot, boasts a prominent corner storefront location on 7th Street, attracting locals, visitors, and tourists. The ground floor's 4,138 square feet houses the established grocery store, featuring a walk-in cooler and ample rear storage/warehouse space with alley access, offering potential for expansion. Upstairs, a separate 2,019 square foot residential unit at 13050 Tohl St. provides a 3-bedroom, 2-story residence with a large living room, kitchen, and additional storage/workshop areas. This unit is currently vacant. The property features a newer roof and five parking spaces. The property is zoned NH-c and offers a strong net operating income (NOI) of $150,000. The asking price is $1,375,000. Seller financing may be available with a substantial down payment. This property presents a unique blend of commercial and residential space, ideal for an owner-user seeking a work-live opportunity or an investor looking for a strong return on investment in a desirable coastal location. Across from the Nehalem River, this property offers excellent visibility and accessibility. The property is available for occupancy on August 30, 2024. Appointments are required for showings.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Nehalem
- County
- Tillamook
- State
- Oregon
- Longitude
- -123.894
- Latitude
- 45.7169
