Property profile

1600 Marine Dr Yachats, OR 97498

OFF-MARKET
Specialty properties
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Property summary

AI-generated overview

This exceptional .28-acre commercial lot, located at 1600 Marine Drive in Yachats, Oregon, presents a unique investment opportunity. Situated on the corner of Highway 101 and Marine Drive, this cleared and relatively level property boasts a desirable C-1 zoning designation. The lot size is 12,196.8 square feet, offering ample space for development. While an ocean view is partially visible from the east perimeter, a second-story building would likely provide unobstructed ocean vistas. The property's convenient location offers excellent visibility and accessibility. City water and sewer are readily available, along with power connections. Potential uses, as outlined in Yachats Municipal Code 9.28.020, include a variety of commercial and residential options, such as medical or veterinary clinics, retail spaces, and mixed-use developments. The asking price is $235,000. Prospective buyers are responsible for conducting their own due diligence to verify all aspects of the property and its potential uses. This is a rare opportunity to acquire a prime commercial lot in a highly sought-after coastal Oregon location. Don't miss out on this chance to build your dream project in beautiful Yachats.

Property profile

Verified
Property type Specialty properties

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1600 Marine Dr Yachats, OR 97498
Yachats metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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