Marine Dr Wheeler, OR 97147
- Retail properties
- 9,624 SF
- 0.61 lot acres
Current Use by Public Records
- Retail properties
Property Details for 0 Marine Dr
- Year built
- 1950
- Lot size
- 0.61 lot acres
- Property size
- 9,624 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
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
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
- Wheeler
- County
- Tillamook
- State
- Oregon
- Longitude
- -123.882
- Latitude
- 45.6905
