751 Riverside Dr Coquille, OR 97423
- Retail properties
- 3,456 SF
- 0.73 lot acres
Current Use by Public Records
- Retail properties
Property Details for 751 Riverside Dr
- Year built
- 1960
- Lot size
- 0.73 lot acres
- Property size
- 3,456 SF
- Property type
- Retail properties
- Property subtype
- Land
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Coquille
- County
- Coos
- State
- Oregon
- Longitude
- -124.197
- Latitude
- 43.1742
