351 14Th StAstoria, OR 97103

Property Details for 351 14Th St

Year built

1923

Lot size

0.14 AC

Property size (Sq ft)

9,307 SF

Property type

Retail properties

Property subtype

Mixed-use properties

Description

This exceptional mixed-use property, the Osburn O'Brien Building, presents a compelling investment opportunity in the vibrant city of Astoria, Oregon. Built in 1923 and renovated in 2019, this two-story building boasts 9,307 square feet situated on a 0.14-acre lot at 351 14th St, 97103. The property features a desirable mix of twelve residential units and four ground-floor retail spaces, offering diverse income streams. The residential units comprise five studios (250-300 sq ft each) and seven one-bedroom, one-bathroom units (650-800 sq ft each). The retail spaces range from 1,172 to 2,162 square feet, providing a stable rental income base. The building enjoys high visibility and foot traffic, benefiting from its proximity to shopping, dining, and less than three blocks from the ocean. The asking price is $3,200,000, translating to $343.83 per square foot. This historic building, originally housing the J.C. Penney Company, offers a unique blend of character and modern amenities, making it an attractive investment with strong growth potential. The property's combination of prime location, versatile use, and renovated units ensures attractive returns for years to come. A broker co-op is available.

Location Insight

City

Astoria

County

Clatsop

State

Oregon

Latitude

46.1886

Longitude

-123.829

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