REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Pacific Coast Real Estate & Development, LLC • 541-217-7710
$ 1,200,000
Est. payment | /mo
10,300 SqFt
$ 1,200,000
Est. payment | /mo
10,300 SqFt
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Pending
Purchase Type For Sale
Square Footage 10,300 sqft
Price per Sqft $116
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. 9% 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
Schools and Properties Nearby
Find out why customers are choosing LPT Realty to meet their real estate needs
Learn More About LPT Realty