For Sale
$425,000

1717 Oregon St Port Orford, OR 97465

High-visibility Hwy 101 location. Great investment!

Overview

Added:
Dec 11, 2024
Days on market:
131
This exceptional 2,549 sq ft retail property at 1717 Oregon St, Port Orford, OR 97465, is a prime investment opportunity. Located on Hwy 101, it boasts unparalleled visibility and high traffic counts. Currently operating as a bar, convenience store, and storefront, this versatile space offers endless possibilities. The building, constructed in 1955 and renovated in 2018, sits on a lot ranging from 10,000 to 14,999 sq ft and is zoned C4, allowing for a wide array of uses. The asking price is $425,000, with a pro-forma cap rate of 23.53% and a pro-forma NOI of $100,000. The property features 100% occupancy and a price per square foot of $166.73. The seller offers the option to purchase all existing inventory for an additional $100,000. This location in Curry County presents a unique chance to capitalize on the high visibility and potential for growth in this desirable Oregon Coast location. The property's Opportunity Zone designation provides additional investment incentives. This is a rare opportunity to own a thriving business or develop a new venture in a high-traffic area.

Highlights

  • $425,000 asking price for a 2,549 sq ft retail property in Port Orford, Oregon.
  • Owner-user investment opportunity with a 100% occupancy rate.
  • Features a pro-forma cap rate of 23.53% and a pro-forma NOI of $100,000.
  • Located on Hwy 101 with high visibility, offering excellent exposure.
  • C4 zoning in an Opportunity Zone, allowing for diverse business uses.
  • Built in 1955 and renovated in 2018, situated on a lot between 10,000 and 14,999 sq ft.

Property Details for 1717 Oregon St

Property type
Retail properties, Bars
Square Feet
2,549 SF
Year Built/Renovated
1955/2018
Units
1

Location Insight

City
Port Orford
County
Curry
State
Oregon
Latitude
42.752301
Longitude
-124.4977009
1717 Oregon St, Port Orford, Oregon

FAQs

What type of property is this?
Retail property - High-visibility Hwy 101 location. Great investment!
Where is the retail property located?
The property is located at 1717 Oregon St Port Orford, OR.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: $425,000 asking price for a 2,549 sq ft retail property in Port Orford, Oregon.; Owner-user investment opportunity with a 100% occupancy rate.; Features a pro-forma cap rate of 23.53% and a pro-forma NOI of $100,000.
How can I contact the broker?
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1717 Oregon St
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