2405 3Rd St Tillamook, OR 97141
- Banks
- 4,352 SF
- 0.46 lot acres
Current Use by Public Records
- Banks
Property Details for 2405 3Rd St
- Year built
- 1974
- Lot size
- 0.46 lot acres
- Property size
- 4,352 SF
- Zone code
- TM-C-C
- Property type
- Banks
- APN
- 1S0930-CB-00200
- APU
- 1S0930CB00200
Description
This exceptional investment opportunity presents a Class A, 5,297 square foot freestanding bank building located at 2405 3rd St, Tillamook, OR 97141. The property, situated on a 0.46-acre lot (20,021 sq ft), boasts ample parking and convenient access, positioned advantageously between Highways 6 and 101. Currently occupied by Umpqua Bank at 100% occupancy under a NNN lease with five years remaining, this single-tenant building offers a stable and predictable income stream. The asking price is $1,225,000, translating to $231.26 per square foot. Built in 1974, the building is well-maintained, featuring recent upgrades to the drive-thru awning and exterior. The property is zoned TMCC and comprises a single, one-story building. This is a rare chance to acquire a high-quality, single-tenant investment property in a desirable location with a strong tenant and a long-term lease. The building's excellent condition and strategic location make it an attractive investment for discerning buyers seeking a stable and appreciating asset. Please note that the current operator should not be disturbed.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Tillamook
- County
- Tillamook
- State
- Oregon
- Longitude
- -123.84
- Latitude
- 45.4559
