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Property profile & analytics
OFF-MARKET
Commercial real estate

625 Nehalem Blvd Wheeler, OR 97147-0290

3,450 SF 0.17 ac lot Built 1940
Individually Owned 6-yr Hold Free & Clear
Property ID
US71-0489041
Property summary
AI-generated overview

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
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1940
Total area 3,450 SF
Lot 0.17 ac (7,405 SF)
Zoning code GC
APN 2N1002-CB-03500
UPID US71-0489041
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
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Lawrence Widmer · 6 yrs held
Lawrence Widmer
since 2020
2 recorded transactions
2020
Price N/A
2014
$253,000
Zoning & alternative use
GC · Wheeler, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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