Property profile

1717 Oregon St Port Orford, OR 97465

OFF-MARKET
Commercial real estate
Property ID
US71-1579559
Individually Owned 5-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 2,549 sq ft retail property at 1717 Oregon St, Port Orford, OR 97465, is a prime investment opportunity. Located on Hwy 101, it boasts unparalleled visibility and high traffic counts. Currently operating as a bar, convenience store, and storefront, this versatile space offers endless possibilities. The building, constructed in 1955 and renovated in 2018, sits on a lot ranging from 10,000 to 14,999 sq ft and is zoned C4, allowing for a wide array of uses. The asking price is $425,000, with a pro-forma cap rate of 23.53% and a pro-forma NOI of $100,000. The property features 100% occupancy and a price per square foot of $166.73. The seller offers the option to purchase all existing inventory for an additional $100,000. This location in Curry County presents a unique chance to capitalize on the high visibility and potential for growth in this desirable Oregon Coast location. The property's Opportunity Zone designation provides additional investment incentives. This is a rare opportunity to own a thriving business or develop a new venture in a high-traffic area.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Zoning code 4C
APN 3315-05AB-02900
UPID US71-1579559

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store

Location

1717 Oregon St Port Orford, OR 97465-8734
Port Orford metro Census 950100 BROOKINGS, OR MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$175k

Owner & transaction history

since 2021
Last sale
$153,156
2 recorded transactions
2021
$153,156
2020
$145,000

Zoning & alternative use

4C · Port Orford, OR
Zoning description

) § 17.04.050 Classification of zones. For the purpose of this title, the City or portion thereof is divided into zones designated as follows: Zones Abbreviated Designation Residential 1 1-R Residential 2 2-R Commercial…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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