120 Highway 101Waldport, OR 97394

Property Details for 120 Highway 101

Year built

2015

Lot size

0.04 AC

Property size (Sq ft)

1,332 SF

Zone code

DD;DOWNTOWN DISTRICT

Property type

Office properties

Property subtype

Other office properties

APN

13-11-19-BD-04400-00

APU

131119BD0440000

Description

This charming, cottage-style commercial building in Waldport, Oregon, presents a unique investment opportunity. Located on Highway 101, it boasts exceptional visibility and high traffic flow, ensuring maximum exposure for your business. The 1,332 square foot building sits on a 0.04-acre lot and features three spacious private offices and a welcoming lobby on the ground floor, along with an ADA-compliant bathroom. Upstairs, a large open area with abundant natural light includes a kitchenette, another bathroom, and three additional workspaces, offering versatility for various uses. The property includes a paved parking lot with four spaces and an ADA-compliant ramp, plus two separate building entrances for convenient access. Currently, one tenant occupies the space under a secure 2.5-year lease, providing immediate income potential. Its prime downtown location, just one block from the bay and minutes from the beach, makes it ideal for a variety of commercial ventures, from a live-work space to a retail storefront. The building is priced at $450,000. This is a rare chance to acquire a well-situated, income-producing property in a desirable coastal Oregon town. The sale includes the building only

• CAP approach

  CAP return

  Valuation

  6%

  $262,382

  6.5%

  $242,198

  7%

  $224,899

• Comparable approach

  Method

  Valuation

  Relative Method

  $341,298

  Geo Method

  $341,298

• Alternative Use

  Use

  Valuation

  Residential

  $300,326

  Hospitality

  $275,097

  Educational

  $228,878

  Medical

  $236,749

  Retail

  $356,032

Location Insight

City

Waldport

County

Lincoln

State

Oregon

Latitude

44.4264

Longitude

-124.068

CBSA code

35440

CBSA name

NEWPORT, OR MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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