0 Marine Dr, Wheeler, OR 97147
This exceptional investment opportunity presents a rare chance to acquire a combined 9,624 square foot waterfront restaurant and duplex in Wheeler, Oregon. Located on Marine Dr, this property boasts stunning views of the Nehalem River and the Pacific Ocean. The asking price is $1,490,000, translating to $154.82 per square foot. The property includes two buildings, spanning two stories, built in 1950, and situated on a 0.61-acre lot. The permitted zoning is WRC. The main building is a restaurant with a full bar, bathroom, stage, and capacity for up to 210 guests. The kitchen is equipped with LP-fed appliances, grease interceptors, and suppression hoods. The duplex features a three-bedroom, two-bathroom upper unit with a wood stove and a studio lower unit with a fireplace
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.