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    OFF-MARKET
    Investment properties

    2010 Hwy 101st N, Rockaway Beach, OR 97136-9677

    1,722 SF 0.14 ac lot Built 1960
    Individually Owned 15-yr Hold Free & Clear
    Property ID
    US71-0744345
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Investment properties
    Use group OFFICE/RESIDENTIAL (MIXED USE)
    Year built 1960
    Total area 1,722 SF
    Lot 0.14 ac (6,098 SF)
    Zoning code C-1
    APN 2N1029-BD-07302
    UPID US71-0744345
    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
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    Owner & transaction history
    K Philip Horine JR. · 15 yrs held
    K Philip Horine JR.
    since 2010
    4 recorded transactions
    2019
    2010
    $200,000
    2010
    1969
    Zoning & alternative use
    C-1 · Rockaway Beach, OR
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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