975 3Rd StTillamook, OR 97141

  • Commercial real estate
  • 816 SF
For Sale
$1,115,000 View listing

Property Details for 975 3Rd St

Year built
2009
Lot size
0.38 AC
Property size (Sq ft)
816 SF
Zone code
R-O
Property type
Commercial real estate
APN
1S1025-DB-03100
APU
1S1025DB03100

Description

This exceptional 0.8-acre commercial development opportunity in Tillamook, Oregon, presents a unique investment prospect. The property comprises four contiguous lots totaling 3,485 square feet, strategically positioned on 3rd and 4th Streets, directly across from Tillamook Adventist Medical Center. The assemblage includes a commercially zoned parcel currently housing Antoinette's Drive Thru Coffee & Soup (building owned by the tenant), offering immediate income potential. Three additional lots feature existing residential structures: two single-family homes (771 sq ft and 1,584 sq ft respectively) and two cottages (490 sq ft and 640 sq ft). All rental agreements are month-to-month, and tenants have received notification of the sale. To ensure tenant privacy, property showings are strictly limited to those with an accepted offer. This presents a blank canvas for a developer seeking to capitalize on the high-traffic location and existing income stream. The seller is open to exploring seller financing options and potentially collaborating with the buyer on their development vision. Detailed financial information, including current income and expense reports, is available upon request. This is a rare chance to acquire a substantial property in a thriving Oregon coastal community.

Location Insight

City
Tillamook
County
Tillamook
State
Oregon
Latitude
45.4561
Longitude
-123.855

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$1,466
$121,610
-
$121,610
-
$122,970
$3,960
$126,930

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