98 10Th St Astoria, OR 97103

Property Details for 98 10Th St

Year built

1939

Property size

9,500 SF

Property type

Commercial real estate

Description

This exceptional commercial property, located on the Astoria waterfront in the heart of the downtown area, presents a unique investment opportunity. The main level encompasses 9,500 square feet and is currently generating income from six thriving tenants: two art galleries, two business offices, and two retail shops. The building's versatility is further enhanced by approximately 8,000 square feet of lower-level space, featuring a full concrete floor, hallway access, and an exterior ramp. Currently used for storage, this area offers significant potential for redevelopment and expansion. A separate attached building provides a short-term rental possibility. The building boasts numerous desirable features, including two units with private bathrooms, a shared common hallway with dedicated men's and women's restrooms, and abundant natural light from original transom windows and skylights. High-beam ceilings and mezzanines in three of the units add to the spacious feel. Two former food service spaces (a coffee bar and a bakery) are already wired and plumbed for their original uses, and one unit includes a full kitchen and washer/dryer hookups. The owner prioritizes long-term tenants, emphasizing stability and sustained income over maximizing short-term rental rates. This property offers a rare chance to acquire a substantial commercial building in the vibrant and rapidly growing downtown Astoria.