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176 N Hwy 101

Rockaway Beach, OR 97136
  • $935,000
  • STATUS: Active
  • ON SITE: 134 Days
  • MLS #: 22239667
UPDATED: 78 min ago
$935,000
  • 0
    BEDS
  • 0.26
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,394
    SQFT
  • $173
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1934
County:

School Ratings & Info

Description

Rare investor opportunity to own a recently renovated and fully-leased single-tenant restaurant on the Oregon Coast. Priced at an 8.0% cap rate. The current lease includes annual rent steps and has significant remaining term, plus a renewal option, providing years of growing future income. The in-place modified gross lease structure has regular property maintenance as the responsibility of the tenant, allowing for hassle-free management.

Monthly Payment Calculator



Listing content is copyright © 2022 RMLS™, Portland, Oregon. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Stellar Realty Northwest are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Data last updated 2022-08-10T12:39:55.797.Data deemed reliable but not guaranteed. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate by RMLS™ or Stellar Realty Northwest and should be independently verified.
www.oregonpropertyfinders.com/homes/127151105
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176 N Hwy 101 Rockaway Beach, OR 97136

  • Price: $935,000
  • Status: Active
  • On Site: 134 Days
  • Updated: 78 min ago
  • MLS #: 22239667
0
Beds
0
Baths
0
½ Baths
0.26
Acres
5,394
SQFT
$173
$/SQFT
1934
Built
Neighborhood:
195-Tillamook County
County:
Tillamook
Area:
195-Tillamook County
Property Description
Rare investor opportunity to own a recently renovated and fully-leased single-tenant restaurant on the Oregon Coast. Priced at an 8.0% cap rate. The current lease includes annual rent steps and has significant remaining term, plus a renewal option, providing years of growing future income. The in-place modified gross lease structure has regular property maintenance as the responsibility of the tenant, allowing for hassle-free management.
Exterior Features

Lot Size 10000 To 14999 Sqft Lot Size Dimension 100 X 120 Parking Features On Street Road Frontage 100 Road Surface Paved Roof Type Flat View YN No Water Description Public Water

Interior Features

Cooling Description Central Air Heating Description Forced Air

Property Features

Bank Owned YN No Commercial Type Commercial Country Us Current Use Restaurant Existing Lease Type 5 - 10 Years Remaining Features Inside StorageSign Fuel Description Gas Price Type List Price Property Condition Existing Sale Includes Building Sewer Description Public Sewer Short Sale YN No Tax Amount 8635.12 Third Party Approval YN No Total Buildings 1 Zoning C1

Listing provided courtesy of Knipe Realty Era Powered: 503-445-7660.


Listing content is copyright © 2022 RMLS™, Portland, Oregon. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Stellar Realty Northwest are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Data last updated 2022-08-10T12:39:55.797.Data deemed reliable but not guaranteed. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate by RMLS™ or Stellar Realty Northwest and should be independently verified.
 
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Stellar Realty Northwest
109 NW Greenwood Ave #105
Bend OR, 97703