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Property profile & analytics
OFF-MARKET
Commercial real estate

494 Hwy 101 Florence, OR 97439-7635

0.05 ac lot
Individually Owned 1-yr Hold ~ Est. High Equity
Property ID
US71-1712744
Property summary
AI-generated overview

This exceptional commercial/residential property, situated at 494 Highway 101 in Florence, Oregon, presents a unique investment opportunity. Boasting a total of 2,860 square feet on a 0.05-acre lot, this building offers a seamless blend of business and residential space. The main floor encompasses 1,436 square feet of retail space, ideal for a variety of commercial ventures. Its highly visible Highway 101 location ensures excellent exposure and accessibility. Upstairs, a comfortable 1,224-square-foot living area provides convenient and private residential quarters. This setup is perfect for an owner-operator seeking a work-live arrangement, eliminating commuting time and maximizing efficiency. The property's proximity to Old Town Florence adds to its appeal, offering easy access to local amenities and a vibrant community. This versatile property is an excellent choice for entrepreneurs and investors alike, providing both income-generating potential and comfortable living space. The property is available for occupancy beginning March 2, 2025. Priced at $375,000, this is a rare opportunity to acquire a thriving commercial property with integrated residential living in a desirable Oregon coastal town.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.05 ac (2,178 SF)
Zoning code MSA-MAIN STREET/AREA A
APN 18-12-27-44-12100-000
UPID US71-1712744
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
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Ross Greenlee · 1 yrs held
Ross Greenlee
since 2025
Last sale
$363,000
7 recorded transactions
2025
Price N/A
2025
$363,000
2022
Price N/A
2020
$275,000
2008
Price N/A
2008
$250,000
1969
Price N/A
Zoning & alternative use
MSA-MAIN STREET/AREA A · Florence, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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