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
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