Sold

2503 N MAIN AVE

Tillamook OR, 97141

$1,230,000


$173.73 per sqft

Sold

7,080 sqft

Commercial

Built in 1997

Courtesy of Think Real Estate

Discover an exceptional income opportunity at the intersection of HWY 101 and Wilson River Loop, adjacent to Fred Meyers and Shiloh Inn. At the heart of commercial activity with this prime location and boasting three expansive buildings on nearly an acre. A total of eight long-term tenants secured with 1, 3 and 5 year leases with 3% annual increases built-in, ensuring a reliable income stream. With a dedicated investment of over $225,000 in upgrades over the past eight years, including resilient metal roofs, refreshed paint and siding on building fronts, and updated, paved parking lot, this property provides longevity and quality. Built as a Super Good Sense property with 2x6 framing. Accessible with single-level layouts and ADA features, plus 49 parking spaces, and two parking lot entrances. Capitalize on the potential, as the seller believes current rents fall below market value, this corner stands poised for further development and expansion. Same, meticulous owners for 35 years.

24043897

MLS ID

April 15, 2024

Listed

August 29, 2024

Updated

Map

2503 N MAIN AVE
Tillamook OR, 97141

Interior Features

Total Stories

1


Fireplace

No


Cooling

Yes


Cooling Description

Heat Pump


Heating

Yes


Heating Description

Forced Air, Heat Pump, Wall Furnace

Exterior/Building Features

Lot Size

0.92 Acres


Roof

Metal


Sewer

Public Sewer, Septic Tank

Other Property Details

Area Name

_195


Taxes

$9,067


Tax Frequency

Annually


Days on Market

80


Garage

No


Parking

Off Street, Paved


Parking Total

49


View

Yes


View Description

Mountain


County

Tillamook


Water Source

Public Water


Pool

No


Zoning

CH

Listing History

Date

Event

Price

8/29/2024

Sold

$1,230,000

7/8/2024

Pending

Listing Courtesy of Think Real Estate, Amber Turner. 503-804-1261

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 Made Out West Land Co. are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 RMLS, Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified.

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