35800 7Th St Nehalem, OR 97131

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.