815 Main Ave Tillamook, OR 97141
- Commercial real estate
- 9,872 SF
- 0.34 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 815 Main Ave
- Year built
- 1959
- Lot size
- 0.34 lot acres
- Property size
- 9,872 SF
- Zone code
- TM-C-C
- Property type
- 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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $370,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $510,000
- 6.5%
- $510,000
- 7%
- $515,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $495,000
- Geo Method
- $475,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $440,000
- Retail
- $510,000
- Mixed-Use
- $560,000
- Hospitality
- $510,000
- Educational
- $440,000
- Residential Income
- $520,000
- Energy
- $550,000
- Income-Based Land
- $455,000
- Food Service
- $435,000
Location Insight
- Map
- Local Demand
- City
- Tillamook
- County
- Tillamook
- State
- Oregon
- Longitude
- -123.844
- Latitude
- 45.4521