Property profile

598 Pt Brown NE Ave Ocean Shores, WA 98569

OFF-MARKET
Retail space
Property ID
US90-0450842
288 SF 0.8 ac lot Built 1997
Entity Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 0.8-acre commercial land parcel, located at 598 Point Brown Ave. E. in Ocean Shores, WA 98569, presents a unique investment opportunity. Zoned B1 (Retail Commercial), this flat lot offers 2,016 square feet and boasts direct canal access complete with a dock. Its prime location places it in close proximity to Ocean Shores' retail hub, making it ideal for a variety of commercial ventures, including restaurants, fast-food establishments, or other retail facilities. Ocean Shores enjoys a vibrant tourism industry, renowned for its expansive Pacific beach, navigable waterways, and proximity to Ocean City State Park, a haven for birdwatchers. The city's popularity as a summer destination and a winter storm-watching spot, coupled with its proximity to Westport and its fishing harbor, ensures a consistent flow of visitors. This property offers significant potential for developers and investors seeking a high-visibility location within a thriving coastal community. The property is priced at $595,000.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1997
Construction STEEL FRAME
Total area 288 SF
Lot 0.8 ac (34,848 SF)
APN 90500000100
UPID US90-0450842

Cap rate & NOI

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

Location

598 Pt Brown NE Ave Ocean Shores, WA 98569
Ocean Shores metro Census 201 ABERDEEN, WA MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$225k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$220k

Owner & transaction history

since 2021
Last sale
$175,000
7 recorded transactions
2021
Price N/A
2019
Price N/A
2019
$175,000
2017
$133,750
2012
$60,000
2010
Price N/A
2004
Price N/A

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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