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    FOR SALE
    Turn key restaurants

    1145 N Main Ave, Tillamook, OR 97141

    2,657 SF 0.67 ac lot Built 1978
    Individually Owned 20-yr Hold Free & Clear
    Property ID
    US71-0570658
    Property summary
    AI-generated overview

    This exceptional 2,657 square foot commercial building is ideally situated on Highway 101 in Tillamook, Oregon, boasting a highly desirable location with significant traffic volume. The free-standing structure sits on a 0.67-acre lot and includes an extra-large parking area for ample customer convenience. The building has undergone recent significant improvements, including a new roof installed in August 2017 at a cost of $65,000, and fresh exterior paint applied in 2019. Currently leased to a Chinese restaurant on a month-to-month basis for over 12 years, the tenant has expressed interest in a long-term lease agreement. This presents a unique opportunity for both owner-occupancy and investment purposes. The property's strong location, recent upgrades, and established tenancy make it an attractive proposition for a variety of commercial uses. The asking price is $690,000. This is a rare chance to acquire a well-maintained, high-visibility commercial property in a thriving Oregon coastal community. Serious inquiries are encouraged.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1978
    Total area 2,657 SF
    Lot 0.67 ac (29,185 SF)
    Zoning code C-H
    APN 1S0919-C0-01000
    UPID US71-0570658
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Dianne M Hampton · 20 yrs held
    Dianne M Hampton
    since 2006
    2 recorded transactions
    2006
    2006
    $340,000
    Zoning & alternative use
    C-H · Tillamook, OR
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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