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3570 N Highway 101

1,698 SF 100% Leased Office Building Depoe Bay, OR 97341 £382,618 (£225/SF) 5.62% Net Initial Yield

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Executive Summary

Fantastic income property. Triplex Zoned for just about anything you can want it for. One unit has recently been fully remodeled, the other two were partially updated in 2018. Units 1 and 2 can be combined into one unit. Comes with a big billboard with Northern and Southern Hwy 101 exposure for additional income. If buildings are used to house a business' this is a great asset. This is the first time units have been vacant in years, and are only being kept that way to make it easier to show, and sell. Great spot half way between Newport and Lincoln City. Zoned Commercial tourist so the sky is the limit. Seller is a license broker in the State of Oregon.