1145 N Main Ave, Tillamook, OR 97141
For Sale
1 / 5
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
C-H · Tillamook, ORTillamook. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.