280 Hemlock St, Cannon Beach, OR 97110-3038
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.
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
Costs & 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.