2238 Tremont St North Bend, OR 97459-3325
This freestanding retail building at 2238 Tremont St, North Bend, Oregon, offers 4,800 square feet of space on a 0.79-acre lot with 12 parking spaces. The property, built in 1959, features a main showroom with large display windows, a service area, and a machine shop. The building boasts concrete floors and heavy power, making it suitable for a variety of uses. A permitted M-L zoning designation allows for flexibility. Upstairs, a large apartment with stunning bay views offers a live/work option or potential rental income. Recently updated with new drywall, fresh paint, and flooring, this spacious apartment features a bright, open floor plan and huge windows. The property enjoys excellent visibility and accessibility due to its prime Highway 101 location. The asking price is $599,950, translating to $124.99 per square foot. The current tenancy is 100% occupied with a gross lease expiring in one year. The business's inventory and equipment are available for separate purchase for $10,000 (outside of escrow, with no financial data provided). The seller is motivated, and the property is easily shown.
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
ML · North Bend, ORCosts & 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.