625 Nehalem BlvdWheeler, OR 97147

  • Commercial real estate
  • 3,450 SF
For Sale
$475,000 View listing

Property Details for 625 Nehalem Blvd

Year built
1940
Lot size
0.17 AC
Property size (Sq ft)
3,450 SF
Zone code
GC
Property type
Commercial real estate
APN
2N1002-CB-03500
APU
2N1002CB03500

Description

This exceptional 4,980 square foot commercial property presents a unique redevelopment opportunity in the heart of Wheeler, Oregon. Situated on a 0.17-acre lot directly on Highway 101, this fully demoed building offers unparalleled potential for a variety of uses. The property is conveniently located in downtown Wheeler, providing excellent visibility and accessibility. A significant advantage is the absence of flood risk, as the site is not located within a FEMA-designated flood zone. Ample free surface parking is available in an adjacent lot, ensuring convenient access for customers and residents. The building's design allows for versatile use, with the main floor ideally suited for retail space and the second floor offering stunning bay views and the potential for residential living. This prime location, combined with the existing infrastructure and the absence of flood concerns, makes this a highly attractive investment for developers seeking a high-impact project in a desirable coastal Oregon town. The property is ready for immediate development, eliminating the time and expense associated with demolition and site preparation. This is a rare chance to create a thriving business and/or residential space in a picturesque coastal setting. The property's strategic location on Highway 101 ensures high traffic visibility and easy access for customers and residents alike. Don't miss this opportunity to shape the future of Wheeler's downtown area.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $898,138
    Hospitality
    $822,689
    Educational
    $684,468
    Medical
    $708,008
    Retail
    $1,064,728

Location Insight

City
Wheeler
County
Tillamook
State
Oregon
Latitude
45.6892
Longitude
-123.882

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
$2,840
$133,110
$58,000
$191,110
-
$133,110
$58,000
$191,110

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