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Listed by Pacific Coast Real Estate & Development, LLC • 541-217-7710
$ 1,300,000
Est. payment | /mo
10,300 SqFt
$ 1,300,000
Est. payment | /mo
10,300 SqFt
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 10,300 sqft
Price per Sqft $126
MLS Listing ID 339920822
Year Built 1964
Annual Tax Amount $9,903
Tax Year 2024
Lot Size 0.520 Acres
Property Sub-Type Commercial
Property Description
Excellent investment opportunity in this vibrant and versatile commercial property. The front retail space features expansive display windows and a well-designed layout, currently leased to a boutique home décor and clothing retailer under a new five-year lease.To the rear of the building, you'll find a fully equipped lounge and bar, complete with indoor seating, large walk-in refrigeration, an expansive bar area, and upscale fixtures and finishes throughout. The space showcases a stylish sports bar theme and is also secured under a new five-year lease.Outside, the well-established food truck court includes seven fully leased spaces on month-to-month terms, offering a variety of popular local culinary options. The area is thoughtfully designed with covered seating, vibrant landscaping, decorative lighting, a striking mural, and filtered bay views—creating a welcoming and lively ambiance for patrons.The property offers excellent ingress and egress from both Highway 101 and historic Front Street, and features a large parking area and prominent signage for high visibility. With steady rental income, attractive aesthetics, and limited owner responsibilities, this property is a compelling option for investors or as a 1031 exchange. 8% Cap Rate at current price.
Location
State OR
County Coos
Area _260
Zoning C-2
Interior
Heating Zoned
Equipment Fixtures
Exterior
View Bay
Roof Type Membrane
Garage No
Building
Story 2
Sewer Public Sewer
Water Public Water
Level or Stories 2
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
