815 Main AveTillamook, OR 97141

  • Other commercial real estate
  • 9,872 SF
For Sale
$3,500,000 View listing

Property Details for 815 Main Ave

Year built
1959
Lot size
0.34 AC
Property size (Sq ft)
9,872 SF
Zone code
TM-C-C
Property type
Other commercial real estate
APN
1S0930-CC-03200
APU
1S0930CC03200

Description

This exceptional 9,968 square foot commercial property located at 815 MAIN Ave Unit 815, Tillamook, OR, presents a unique investment opportunity. Currently operating as the highly successful Red Apple Inn and Cafe, this meticulously maintained establishment boasts 22 well-appointed guest rooms, each complete with appliances and furniture. The property includes 19 on-site parking spaces, supplemented by ample street parking. A spacious office/check-in counter, designated laundry room, and abundant storage areas are key features. The property also offers a significant advantage with a private, one-bedroom master suite for owner occupancy, and a separate one-bedroom apartment with a sunroom located behind the office. Situated in downtown Tillamook, this property enjoys a prime location within walking distance of shops, businesses, and other amenities. The 0.34-acre lot offers considerable flexibility, with potential uses including apartments, offices, or transitional housing. The asking price for this turnkey operation is $3,500,000. This presents an amazing opportunity for a diverse range of investors and entrepreneurs seeking a profitable and established business in a desirable location. The property's current configuration and location offer significant potential for future growth and adaptation to various commercial uses.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $2,075,888
    Hospitality
    $1,901,503
    Educational
    $1,582,028
    Medical
    $1,636,436
    Retail
    $2,460,932
815 Main Ave, Tillamook, Oregon
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Location Insight

City
Tillamook
County
Tillamook
State
Oregon
Latitude
45.4521
Longitude
-123.844

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$9,050
$230,440
$523,680
$754,120
-
$172,190
$1,148,450
$1,320,640

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