171 Sunset Blvd - Storefront Retail/Residential FOR SALE


Cannon Beach, OR 97110
$3,150,000 USD
503-436-0451
171 Sunset Blvd, Cannon Beach, OR for Sale
$3,150,000 USD
Storefront Retail/Residential - FOR SALE
1/41
null | 6% Cap Rate

171 Sunset Blvd
Cannon Beach, OR 97110


OVERVIEW

Live and work at the beach! Polynesian inspired, award winning multi-use Cannon Beach commercial property. Prime location at midtown entrance off HWY 101 to Cannon Beach. Over 7,000 sqft of commercial space, 2,300 sqft of residential space with vaulted ceilings/skylights. Opportunity to expand. 28 on-site parking spaces and 100 feet of premium retail frontage on Sunset Blvd, wrapped with display windows. C1 zoning allows 50% residential use. Completely remodeled in 1994 to code. Capitalize on Oregon's favorite beach town! Property being sold AS IS. Current improvements are underway & will be completed. New roof, Installation of Cadet Wall Heaters, Replace HVAC for residential units, Foundation improvement to SW corner with pin pilings. Disclosures and Floor plans available upon request. Signed NDA required for the release of P&L Statements, Lease Agreements & Rent Roll, Scope of work/Bids/contracts/completion date.

FOR SALE DETAILS

PRICE

$3,150,000 USD

PRICE/SF

$325 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Convenience Store, Storefront Retail/Office, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,679 SF

ZONING

C1

APN/PARCEL ID

6225

ASK ABOUT THIS PROPERTY

Michael HendersonDuane Johnson Real EstateMore Info
503-436-0451

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Michael HendersonDuane Johnson Real EstateMore Info
503-436-0451

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.