180 Highway 101 Waldport, OR 97394
- Turn key restaurants
- 3,960 SF
- 0.24 lot acres
Current Use by Public Records
- Timothy Lowery / Pharmacy
- Flounder Inn Tavern / Restaurant / Bar
Property Details for 180 Highway 101
- Year built
- 1979
- Construction
- WOOD
- Lot size
- 0.24 lot acres
- Property size
- 3,960 SF
- Zone code
- DD;DOWNTOWN DISTRICT
- Property type
- Turn key restaurants
- APN
- 13-11-19-BD-06900-00
- APU
- 131119BD0690000
Description
This exceptional mixed-use property, located at 180 NW Hwy 101 in Waldport, Oregon, presents a compelling value-add investment opportunity. The 7,725 square foot building, constructed in 1999, boasts a prime location at the corner of Hwy 34 and Hwy 101, just one block from the bayfront. The property features a two-story design with 7,000 square feet of net rentable space. The ground floor comprises 5,073 square feet of retail space, perfectly suited for a variety of businesses. Above the retail space are two residential apartments, adding to the property's diverse income stream. The building is zoned for commercial use and offers significant upside potential due to current rents being below market value. This presents a unique chance to increase profitability through strategic lease adjustments. With its convenient location, substantial square footage, and strong potential for rental growth, this property is an ideal investment for those seeking a high-return opportunity in a desirable coastal Oregon location. The property consists of one building with two stories and three units in total. The asking price is $1,150,000. Broker co-op is available.
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
- Waldport
- County
- Lincoln
- State
- Oregon
- Longitude
- -124.068
- Latitude
- 44.4253
- CBSA code
- 35440
- CBSA name
- NEWPORT, OR MICROPOLITAN STATISTICAL AREA
