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29505011
29505019

385 NE Alsea Hwy, Waldport, OR 97394

DR
OR 810604051
Taylor & Taylor Realty Co.
Listed by Taylor & Taylor Realty Co.
$1,400,000
124 days on market
Updated 117 days ago

Waldport strip mall

Details
Property Type Office, Retail
Sub Type Storefront
Square Footage 6,902
Cap Rate 3.65%
NOI $51,139
Occupancy 100%
Price per SqFt $203
Year Built 1998
Year Renovated 2024
Buildings 2
Stories 1
Acreage 0.510
Zoning C-1
Investment Type Stabilized

Office | 3.65% CAP | 6,902 SqFt

Marketing description

Commercial investment opportunity in Waldport featuring a mini strip mall with seven total units, including a ground lease. The property offers 6,902 square feet of single level commercial space situated on over half an acre of land. A new roof was installed in 2024. The property is 100 % occupied. With approximately 300 feet of frontage along the Alsea Highway, the site benefits from strong visibility in a high traffic corridor. Originally developed and owned by the original owner, the property has been well maintained and thoughtfully positioned. All units are single level, offering easy access for tenants and customers alike. The center is centrally located and close to the amenities of Waldport, making it a convenient destination for both local traffic and pass through visitors. This is a strong opportunity for investors seeking a fully leased, high visibility commercial asset with solid income and long term upside in a coastal market.

Investment highlights

High traffic area with 300 feet of highway frontage. Property is 100% occupied. Centrally located within Waldport will all nearby amenities.

Listing Contacts

DR
OR 810604051
Taylor & Taylor Realty Co.
Listed by Taylor & Taylor Realty Co.

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$51,139.00
$4,261.58/mo

Valuation Metrics

0
DSCR
3.65%
Cap Rate
3.65%
ROI

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Additional Information

Name
Dennis Regen
License
810604051
Brokerage
Taylor & Taylor Realty Co.
Title
Principal Broker
Brokerage Address
3891 Northwest U.S. 101
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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