409 Main AveTillamook, OR 97141

Property Details for 409 Main Ave

Year built

1954

Lot size

0.22 AC

Property size (Sq ft)

1,764 SF

Zone code

TM-C-C

Property type

Retail properties

Property subtype

Auto shops

APN

1S0930-CB-02900

APU

1S0930CB02900

Description

This exceptional opportunity presents the chance to acquire a well-established, turnkey commercial business and building located at 409 Main Ave Unit 1, Tillamook, Oregon. The property boasts a prime location on a highly visible corner, having served the community since 1963. The 1,764 square foot building sits on a 0.22-acre lot, offering ample space for operations and potential expansion. The current business, an auto repair shop, includes three auto bays equipped with two lifts, providing significant operational capacity. Extensive storage space is also available within the building. All existing equipment, including signage, is included in the sale, presenting a seamless transition for a new owner. The established clientele and long-standing reputation within the community offer immediate revenue potential. The sale includes the option to continue operating under the existing business name or to rebrand and adapt the space to suit a new business plan. This landmark location and its rich history provide a unique opportunity for a savvy investor or entrepreneur to capitalize on a thriving business and prime real estate in the heart of Tillamook. The asking price for this remarkable property is $574,900.

• CAP approach

  CAP return

  Valuation

  6%

  $476,382

  6.5%

  $439,737

  7%

  $408,327

• Comparable approach

  Method

  Valuation

  Relative Method

  $700,150

  Geo Method

  $856,072

• Alternative Use

  Use

  Valuation

  Residential

  $370,935

  Hospitality

  $339,774

  Educational

  $282,688

  Medical

  $292,410

  Retail

  $439,737

Location Insight

City

Tillamook

County

Tillamook

State

Oregon

Latitude

45.4551

Longitude

-123.844

Property Tax & Assessments

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