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Nehalem Food mart 35800 7th St

6,157 SF Retail Building Nehalem, OR 97131 £1,075,869 (£175/SF)

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Investment Highlights

Excellent Oregon Coastal Highway Location

A Block to the Nehalem River

Executive Summary

Excellent work live opportunity. New owners will have an oportunity to drive sales and profits!!

Zoning

Flyer

Financial Summary (Actual - 2023)	Annual	Annual Per SF
Gross Rental Income	£782,450	£127.08
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	£782,450	£127.08
Taxes	-	-
Operating Expenses	-	-
Total Expenses	£665,083	£108.02
Net Operating Income	£117,368	£19.06

Financial Summary (Actual - 2023)

Gross Rental Income
Annual	£782,450
Annual Per SF	£127.08

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	£782,450
Annual Per SF	£127.08

Taxes
Annual	-
Annual Per SF	-

Operating Expenses
Annual	-
Annual Per SF	-

Total Expenses
Annual	£665,083
Annual Per SF	£108.02

Net Operating Income
Annual	£117,368
Annual Per SF	£19.06

Property Facts

Sale Type

Investment or Owner User

Sale Conditions

Business Value Included

Property Type

Retail

Property Subtype

Storefront Retail/Residential

Building Size

6,157 SF

Year Built

1925

Price

£1,075,869

Price Per SF

£175

Tenancy

Single

Number of Floors

Building FAR

1.33

Lot Size

0.11 AC

Zoning

NH-C - See Attached Zoning Document

Parking

7 Spaces (1.14 Spaces per 1,000 SF Leased)

Frontage

50 ft on 7th St ( Hwy 101)

Amenities

Corner Lot

Signage

Storage Space

About 35800 7th St , Nehalem, OR 97131

Family Owned for 2 generations, the Nehalem Food Mart is now available for sale due to seller retirement. Zoned C-1, The 4,138 SF ground floor corner storefront is prominently located in the heart of Downtown Nehalem, and is popular stop for locals, visitors and tourists. Built-in walk-in, rear store storage/warehouse areas could provide for an expanded retail store area. Rear loading off alley access. Upstairs 2,019 SF residence with separate exterior entrance @ 13050 Tohl St., has 3 bedrooms, large living room and kitchen, plus additional storage, office and/or workshop areas. Newer roof. Please do not approach occupant, call for showings. Upstairs is vacant and easy to show. Seller financing available with significant down payment. Across the highway from the Nehalem River. Seller is owner/occupant of the Nehalem Food Mart. Please do not disturb or approach owner, call for appointment. Listing Broker to accompany for all showings. Seller financing available, check with Brokers for details.

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