2010 Hwy 101st N, Rockaway Beach, OR 97136-9677
This 1,722 square foot restaurant building, situated on a 0.14-acre lot in Rockaway Beach, Oregon, presents a unique investment opportunity. Located at 2010 N Hwy 101 (APN 333785), this C-1 zoned property boasts approximately 69 feet of highway frontage, ensuring excellent visibility. The building, constructed in 1960, includes integrated living quarters featuring two bedrooms, two bathrooms, a kitchen, and an office, ideal for a live/work arrangement. Ample parking is available behind the building. Recent renovations include an updated, generator-ready electrical panel. The property also features extensive outdoor decking overlooking a natural riparian area. This location offers easy access to seven miles of pristine Oregon beach. Previously home to Karla's Smokehouse, this historically significant property is perfectly positioned to thrive as a coffee shop, beach bar, art gallery, or other specialty business. The asking price is $589,000, with a price per square foot of $342.04. This property is located within a tax abatement Opportunity Zone.
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-1 · Rockaway Beach, ORRockaway Beach. 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.