320 Central Ave Coos Bay, OR 97420
- Retail properties
- 41,770 SF
- 0.46 lot acres
Current Use by Public Records
- Retail properties
Property Details for 320 Central Ave
- Year built
- 1924
- Lot size
- 0.46 lot acres
- Property size
- 41,770 SF
- Property type
- Retail properties
Description
This iconic five-story, 41,770 square foot retail building in downtown Coos Bay, Oregon, presents a remarkable investment opportunity. Built in 1924, this distinguished property boasts a diverse tenant base operating on annual leases, ensuring consistent positive cash flow. The building features a grand lobby with marble tile and a brass elevator, reflecting its timeless 1920s architecture. Approximately 50 leaseable office spaces offer versatility for various business needs. Recent upgrades include remodeled bathrooms, a new natural gas boiler, and a new roof (2022/2023). A private parking lot with 30 reserved spaces and adjacent public parking provide ample convenience. The 0.46-acre lot is situated at 320 Central Ave, Coos Bay, OR 97420. Currently undergoing repairs, this turnkey investment offers significant potential for appreciation. The asking price is $999,000. Act quickly, as the price will increase as repairs progress.
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
- Coos Bay
- County
- Coos
- State
- Oregon
- Longitude
- -124.215
- Latitude
- 43.3682
