Property profile

280 Hemlock St Cannon Beach, OR 97110

OFF-MARKET
Gas stations
Property ID
US71-1619421
0.23 ac lot Built 1960
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 10,019 square foot commercial land parcel presents a unique investment opportunity in the heart of Cannon Beach, Oregon. Located at 280 N Hemlock St, 97110, this C1-zoned property offers significant potential for a variety of commercial and residential uses. The asking price is $2,250,000, translating to $239.54 per square foot. A partial No Further Action (NFA) letter from the Oregon Department of Environmental Quality (DEQ) is in place, facilitating new development. Cannon Beach's thriving tourism market makes this a highly desirable location. The highest and best use is likely a mixed-use building, incorporating retail space on the ground floor and residential units (condos or a boutique hotel) above. Collaboration with the City of Cannon Beach is recommended to determine specific development requirements and off-street parking needs. This is a rare chance to create a landmark development in one of Oregon's most sought-after coastal destinations. Seize this opportunity to build your vision in a vibrant and lucrative market. The property's location in Clatsop County provides access to a strong local economy and a stunning natural setting. This prime location offers unparalleled visibility and accessibility for any commercial venture.

Property profile

Verified
Property type Gas stations
Use group SERVICE STATION (FULL SERVICE)
Year built 1960
Lot 0.23 ac (10,019 SF)
APN 51019DD01602
UPID US71-1619421

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

280 Hemlock St Cannon Beach, OR 97110-3038
Cannon Beach metro Census 951100 ASTORIA, OR MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.80M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.80M

Owner & transaction history

since 2024
Last sale
$1.8M
1 recorded transaction
2024
$1.8M

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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