625 Nehalem Blvd Wheeler, OR 97147-0290
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.
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
GC · Wheeler, ORWheeler. Always verify with local authorities before improvements.
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.