James Law Group
Listed by James Law Group
$3,150,000
171 Sunset Blvd
Details
Property Type Retail, Mixed Use
Square Footage 9,700
Tenancy Multi
Acreage 0.450
Zoning C1 Mixed Use Commercial
Parking Spaces 28 spaces
Parking Per SqFt 2.89
Investment Type Owner/User
Retail | 9,700 SqFt
Marketing description
Mixed-Use Investment / Owner-User Opportunity
Located at the highly visible midtown entrance to Cannon Beach off Highway 101, 171 Sunset Blvd presents a rare opportunity to acquire a mixed-use commercial property in one of Oregon’s most desirable coastal markets.
The approximately 9,700 SF property consists of multiple commercial tenant spaces together with residential/live-work space, offering flexibility for investors, owner-users or mixed-use operators. The property currently includes three occupied units and three vacant units, creating both existing income and near-term lease-up opportunity.
Current ownership is actively undertaking improvements and stabilization work within the vacant spaces and throughout the property, positioning the asset for increased occupancy and long-term value enhancement.
The site includes approximately 7,000 SF of commercial space and approximately 2,300 SF of residential space with vaulted ceilings and skylights. C1 zoning permits up to 50% residential use, creating flexibility for a variety of future configurations and uses.
The property benefits from strong visibility, approximately 100 feet of retail frontage along Sunset Blvd and 28 on-site parking spaces — a rare amenity in Cannon Beach.
Investment highlights
- Prime midtown Cannon Beach location
- Highly visible corner lot at entrance from Highway 101
- Mixed-use commercial and residential configuration
- Existing income with lease-up upside
- Ongoing property improvements and stabilization
- 28 on-site parking spaces
- Strong retail frontage and display windows
- C1 zoning allowing flexible use configurations
- Investment or owner-user opportunity
- Recent and ongoing capital improvements include:
- Roof repairs & upgrades
- Installation of Cadet wall heaters
- Residential HVAC replacement
- Foundation improvements to the southwest corner
- Interior improvements and stabilization work within vacant spaces
Listing Contacts
James Law Group
Listed by James Law Group
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