Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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