Tillamook, OR 97141,2503 N MAIN AVE
Tillamook, OR 97141,2503 N MAIN AVE
Tillamook, OR 97141,2503 N MAIN AVE
35
Listed by Think Real Estate
Bought with RE/MAX HomeSource
$1,230,000
$1,550,000
20.6%
Est.Price: ?

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7,080 SqFt

2503 N MAIN AVE Tillamook, OR 97141

Est. payment /mo
SOLD DATE : 08/29/2024

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Key Details

Sold Price $1,230,000

Property Type Commercial

Sub Type Commercial

Listing Status Sold

Purchase Type For Sale

Square Footage 7,080 sqft

Price per Sqft $173

MLS Listing ID 24043897

Sold Date 08/29/24

Year Built 1997

Annual Tax Amount $9,066

Tax Year 2023

Lot Size 0.920 Acres

Property Description

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.

Location

State OR

County Tillamook

Area _195

Zoning CH

Interior

Heating Forced Air, Heat Pump, Wall Furnace

Cooling Heat Pump

Equipment SmokeDetector

Exterior

View Mountain

Roof Type Metal

Parking Type Off Street, Paved

Garage No

Building

Story 1

Sewer Public Sewer, Septic Tank

Water Public Water

Level or Stories 1

Others

Acceptable Financing CallListingAgent, Cash, Contract, Conventional

Listing Terms CallListingAgent, Cash, Contract, Conventional

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Regional Multiple Listing Service (RMLS)

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Robert Thompson

Broker | License ID: OR 201225247 WA 20122647

+1(503) 729-9477

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