Property summary
This exceptional 4,980 square foot commercial property presents a unique redevelopment opportunity in the heart of Wheeler, Oregon. Situated on a 0.17-acre lot directly on Highway 101, this fully demoed building offers unparalleled potential for a variety of uses. The property is conveniently located in downtown Wheeler, providing excellent visibility and accessibility. A significant advantage is the absence of flood risk, as the site is not located within a FEMA-designated flood zone. Ample free surface parking is available in an adjacent lot, ensuring convenient access for customers and residents. The building's design allows for versatile use, with the main floor ideally suited for retail space and the second floor offering stunning bay views and the potential for residential living. This prime location, combined with the existing infrastructure and the absence of flood concerns, makes this a highly attractive investment for developers seeking a high-impact project in a desirable coastal Oregon town. The property is ready for immediate development, eliminating the time and expense associated with demolition and site preparation. This is a rare chance to create a thriving business and/or residential space in a picturesque coastal setting. The property's strategic location on Highway 101 ensures high traffic visibility and easy access for customers and residents alike. Don't miss this opportunity to shape the future of Wheeler's downtown area.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The town commercial area, designated by the primary symbol GC, is established to provide for commercial uses
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
GC · Wheeler, ORThe town commercial area, designated by the primary symbol GC, is established to provide for commercial uses
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The town commercial area, designated by the primary symbol GC, is established to provide for commercial uses
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for GC in Wheeler, OR.
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Find the owner behind the property.
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