520 Se Hwy 101, Depoe Bay, OR 97341 (MLS:21-2052)

Commercial

Updated by Martek Real Estate,

Property Description 

Fully occupied storage facility with highway frontage on the south end of the Depoe Bay strip in the highly desirable, high traffic area of this tourist destination. It is sitting in ODOT’s Urban Renewal zone in which there are plans to install sidewalks and parking. There is very limited storage space and industrial land in this region of the Oregon Coast and even more limited in the city of Depoe Bay. This turnkey business is extremely low maintenance and will be an immediate income producer, already boasting an 8% CAP Rate even while the current pricing is below local market rates. Seller is a Licensed Real Estate Agent in the state of Oregon. .

520 Se Hwy 101, Depoe Bay, OR 97341 - Depoe Bay520 Se Hwy 101, Depoe Bay, OR 97341 - Depoe Bay
520 Se Hwy 101, Depoe Bay, OR 97341 - DJI_0100-Edit520 Se Hwy 101, Depoe Bay, OR 97341 - DJI_0105520 Se Hwy 101, Depoe Bay, OR 97341 - IMG_20210701_130115971520 Se Hwy 101, Depoe Bay, OR 97341 - IMG_20210701_123836759520 Se Hwy 101, Depoe Bay, OR 97341 - IMG_20210701_123859034520 Se Hwy 101, Depoe Bay, OR 97341 - IMG_20210701_123852930
520 Se Hwy 101, Depoe Bay, OR 97341 - DJI_0100-Edit520 Se Hwy 101, Depoe Bay, OR 97341 - DJI_0105520 Se Hwy 101, Depoe Bay, OR 97341 - IMG_20210701_130115971520 Se Hwy 101, Depoe Bay, OR 97341 - IMG_20210701_123836759520 Se Hwy 101, Depoe Bay, OR 97341 - IMG_20210701_123859034520 Se Hwy 101, Depoe Bay, OR 97341 - IMG_20210701_123852930
  • Status Pending - Contingencies 
  • City Depoe Bay 
  • County Lincoln 
  • State Oregon 
  • Major Area Depoe Bay/Otter Rock 
  • Subdivision Depoe Bay 
  • Parcel Number 091108BD-8400-00 
  • U.S. Highway 101 East Side 
  • Business Description Commercial, Industrial, Storage 
  • Property Type Commercial 
  • Primary View Forest 
  • Water Heater None 
  • Street Surface Paved 
  • Roof Other 
  • Siding Other 
  • Foundation Slab 
  • Total Square Feet 4,470 
  • Year Built 2020 
  • Lot Acres 0.17 
  • Frontage Highway 
  • Zoning L-1 Light Industrialrial 
  • Water At Street 
  • Sewer City Street 
  • Electric At Street 
  • Bank/Lender Owned No 
  • Seller's Terms 1031, Cash, Owner Will Carry, Submit 
  • Price $700,000 
  • Tax Year 2020 
  • MLS Number 21-2052 
  • Phone Number (541) 265-8785 
  • Directions South of the bridge. Just North of the Shell station on the Eastside of the Highway. 

Keller Williams Capital City, Oregon Coast is the listing office. Call Martek Real Estate at (541) 265-8785 to see this property or obtain more information.