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    OFF-MARKET
    Retail properties & Spaces

    0 Marine Dr, Wheeler, OR 97147

    9,624 SF 0.61 ac lot Built 1950
    Property ID
    Property summary
    AI-generated overview

    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

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 1950
    Total area 9,624 SF
    Lot 0.61 ac (26,572 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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