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    FOR SALE
    Commercial real estate

    225 Garibaldi Ave, Garibaldi, OR 97118

    96 SF 0.99 ac lot Built 1950
    Individually Owned 3-yr Hold Free & Clear
    Property ID
    US71-0707085
    Property summary
    AI-generated overview

    This exceptional 0.99-acre commercial land parcel presents a rare investment opportunity on Highway 101 (Pacific Coast Scenic Byway), Garibaldi Avenue, in Tillamook County, Oregon. Zoned for a variety of commercial uses, this property offers significant potential for continued or new retail, office, or mixed-use development. The property boasts high visibility and convenient access, currently home to a popular drive-thru coffee stand and seasonal food/retail operations. Its strategic location directly adjoins the Old Mill RV Park and Event Center and the Oregon Coast Scenic Railroad, placing it in the heart of downtown Garibaldi's activity. The asking price is $450,000. This is the first time this property has been available for sale in decades, making it a unique chance to acquire a highly desirable commercial site in a thriving coastal Oregon community. The property's address is 225 Garibaldi Ave, Garibaldi, OR 97118. Its latitude and longitude coordinates are 45.55965, -123.90836329999999.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1950
    Total area 96 SF
    Lot 0.99 ac (43,124 SF)
    Zoning code GB-C-1
    APN 1N1021-AD-09500
    UPID US71-0707085
    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
    Current use
    Occupant on record · Public records
    • Sea Baron Fish and Chips Restaurant
    • Pacific Edge Espresso Cafe & Coffee Shop
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    State Of Oregon · 3 yrs held
    State Of Oregon
    since 2023
    Last sale
    $42,500
    3 recorded transactions
    2023
    $42,500
    2020
    $35,000
    2019
    $35,000
    Zoning & alternative use
    GB-C-1 · Garibaldi, OR
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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