425 Cedar StWaldport, OR 97394
- Retail properties
- 1,920 SF
Property Details for 425 Cedar St
- Year built
- 1936
- Construction
- WOOD
- Lot size
- 0.23 AC
- Property size (Sq ft)
- 1,920 SF
- Zone code
- DD;DOWNTOWN DISTRICT
- Property type
- Retail properties
- APN
- 13-11-19-AC-01100-00
- APU
- 131119AC0110000
Description
This exceptional commercial property, located at 425 NW Cedar Street in Waldport, Oregon, presents a unique investment opportunity. The 1,920 square foot warehouse, built in 1936, sits on a sizable 10,018.8 square foot lot (.23 acres), offering stunning views of the Alsea Bridge and Bay. The property's versatile zoning (Downtown District) allows for a wide range of uses, including retail, restaurant, brewery, or other similar establishments. The large paved area provides ample parking, ideal for a workshop or storage of recreational vehicles. The existing structure offers significant potential for a variety of businesses, while the expansive lot allows for future expansion or development. The property's mixed commercial and residential zoning adds to its unique appeal. Interested parties are encouraged to verify permitted uses with the City Planner. Showings are by appointment only. The asking price for this prime Waldport commercial property is $549,500. The property's address is 425 NW Cedar Street, Waldport, OR 97394.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $555,968
- 6.5%
- $513,201
- 7%
- $476,544
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,239,743
- Geo Method
- $1,239,743
-
Alternative Use
- Use
- Valuation
- Residential
- $432,904
- Hospitality
- $396,538
- Educational
- $329,915
- Medical
- $341,261
- Retail
- $513,201
Location Insight
- City
- Waldport
- County
- Lincoln
- State
- Oregon
- Latitude
- 44.4286
- Longitude
- -124.064
- CBSA code
- 35440
- CBSA name
- NEWPORT, OR MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
FAQs
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