751 Riverside DrCoquille, OR 97423

Property Details for 751 Riverside Dr

Year built

1960

Lot size

0.73 AC

Property size (Sq ft)

3,456 SF

Property type

Other commercial real estate

Property subtype

Other retail properties

Description

This exceptional Coquille, Oregon, investment opportunity presents a mixed-use retail complex situated on a 0.73-acre waterfront lot at 751 W Riverside Dr, 97423. The property boasts two buildings totaling 3,456 square feet, constructed in 1960 with durable metal roofing, hardy cement siding, and a substantial concrete pillar foundation. Currently 80% occupied, the property generates a monthly income of $3,250 with long-term tenants. The lease structure is Net-Net (NN), with the owner responsible for taxes, insurance, water, sewer, and garbage; tenants cover electricity, gas, and janitorial services. A vacant shop with an office and bathroom offers potential for increased revenue; a shop could be leased for $950 per month. The property features a large deck overlooking the river, ample paved parking for 30 vehicles, and is zoned C-2. The asking price is $525,000, representing a compelling 6.33% cap rate and a price per square foot of $151.91. The remaining lease term on existing tenancies is two years. This property offers a rare combination of strong income generation, desirable waterfront location, and significant upside potential. The APN is 888200.

Location Insight

City

Coquille

County

Coos

State

Oregon

Latitude

43.1742

Longitude

-124.197

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