180 Highway 101Waldport, OR 97394

Property Details for 180 Highway 101

Year built

1979

Construction

WOOD

Lot size

0.24 AC

Property size (Sq ft)

3,960 SF

Zone code

DD;DOWNTOWN DISTRICT

Property type

Turn key restaurants

APN

13-11-19-BD-06900-00

APU

131119BD0690000

Description

This exceptional mixed-use property, located at 180 NW Hwy 101 in Waldport, Oregon, presents a compelling value-add investment opportunity. The 7,725 square foot building, constructed in 1999, boasts a prime location at the corner of Hwy 34 and Hwy 101, just one block from the bayfront. The property features a two-story design with 7,000 square feet of net rentable space. The ground floor comprises 5,073 square feet of retail space, perfectly suited for a variety of businesses. Above the retail space are two residential apartments, adding to the property's diverse income stream. The building is zoned for commercial use and offers significant upside potential due to current rents being below market value. This presents a unique chance to increase profitability through strategic lease adjustments. With its convenient location, substantial square footage, and strong potential for rental growth, this property is an ideal investment for those seeking a high-return opportunity in a desirable coastal Oregon location. The property consists of one building with two stories and three units in total. The asking price is $1,150,000. Broker co-op is available.

• CAP approach

  CAP return

  Valuation

  6%

  $1,146,677

  6.5%

  $1,058,471

  7%

  $982,866

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,556,970

  Geo Method

  $2,556,970

• Alternative Use

  Use

  Valuation

  Residential

  $892,860

  Hospitality

  $817,855

  Educational

  $680,446

  Medical

  $703,847

  Retail

  $1,058,471

Location Insight

City

Waldport

County

Lincoln

State

Oregon

Latitude

44.4253

Longitude

-124.068

CBSA code

35440

CBSA name

NEWPORT, OR MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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