161 Anderson Ave Coos Bay, OR 97420

Property Details for 161 Anderson Ave

Year built

1953

Lot size

0.15 lot acres

Property size

6,750 SF

Zone code

C-1

Property type

Office buildings

APN

25 S 13 W 26 CD 6200

APU

25S13W26CD6200

Description

This exceptional 10,000-square-foot mixed-use building, located at 161 Anderson Ave in Coos Bay, Oregon, presents a unique investment opportunity. Built in 1953 and renovated in 2015, this two-story, Class C property boasts a versatile layout previously used as medical office, restaurant, and traditional office space. Currently vacant, the building offers significant potential for a variety of uses, benefiting from its prime downtown location. The property features a recently updated interior, including new carpeting in a large room, and a recently inspected fire alarm/sprinkler system. Ample parking is available in nearby public lots and on the street. Its prominent location on Anderson Avenue ensures high visibility from Highway 101, attracting both vehicular and pedestrian traffic. Situated within the Facade Improvement and Urban Renewal grant zones, this property offers potential for additional financial incentives. The vibrant downtown area provides access to the farmer's market, annual festivals, the Coos Bay Art Museum, a local brewery, and the waterfront boardwalk. The 0.15-acre lot is zoned C-MX, and the building is priced at $425,000 ($42.50/sq ft), representing a significant value proposition. The property's proximity to Highway 101 and abundant public parking further enhances its appeal. A neighboring building is also available for purchase. This is a rare chance to acquire a well-located, versatile commercial property in a thriving Oregon coastal community.

Location Insight

City

Coos Bay

County

Coos

State

Oregon

Longitude

-124.214

Latitude

43.3669

CBSA code

18300

CBSA name

COOS BAY, OR MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments