674 Highway 101, Depoe Bay, OR 97341
Prime commercial real estate opportunity in Depoe Bay, Oregon, awaits! This .55-acre (23,958 sq ft) lot at 674 Highway 101 boasts a versatile C-1 zoning, ideal for multiple business ventures. The property includes a charming two-story, 2,168 sq ft home built in 1978, offering five bedrooms. A substantial 50x24 foot shop provides ample space for boat storage, vehicle storage, or business operations. A generously sized woodshed adds to the property's functionality. Located near Depoe Bay's harbor and whale watching attractions, this property presents exceptional potential for short-term rentals, retail businesses, or a combination thereof. The high-traffic Highway 101 frontage ensures excellent visibility and accessibility. This unique offering combines residential comfort with significant commercial possibilities in one of Oregon's most desirable coastal destinations. The asking price is $795,000. Don't miss this chance to own a piece of the Oregon coast's vibrant commercial landscape.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.