171 Sunset Blvd - Storefront Retail/Residential FOR SALE


Cannon Beach, OR 97110
$2,700,000 USD
503-799-2488
171 Sunset Blvd, Cannon Beach, OR for Sale
$2,700,000 USD
Storefront Retail/Residential - FOR SALE
1/27
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NEW


171 Sunset Blvd
Cannon Beach, OR 97110


HIGHLIGHTS

  • Retail with apartments over the top across from Pelican Brew Pub in Cannon Beach

OVERVIEW

Motivated Seller With New Price! 171 Sunset Blvd, Cannon Beach, OR 97110 By Appointment Only Please do not disturb tenants or talk to employees Contact listing brokers for details Property Status: For Sale $2,700,000 Real Estate Only. Sold As Is. Investment & Location Highlights $450,000 Price Reduction for a quick sale • Prime Midtown Cannon Beach Location • Highly Visible Corner Property Across from Pelican Brew Pub • Four retail spaces on the ground floor with Two, 2nd Floor Apartments • Existing Income with Lease-up Upside • 28 On-Site Parking Spaces (very hard to find in Cannon beach, most owners need to lease additional spaces to meet parking codes) • Strong Retail Frontage and Display Windows with excellent signage on Sunset Blvd. located on the ramp from Hwy 101 to mid-town Cannon Beach • C1 Zoning Allowing Flexible Use Configurations, Apts. + commercial 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 across the street from Pelican Brew Pub. The property consists of four 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 available units, creating both existing income and near-term lease-up opportunity. 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. Property benefits from strong visibility, with approximately 100 feet of retail frontage along Sunset Blvd and 28 on-site parking spaces — a rare amenity in Cannon Beach About Cannon Beach, OR — The City of Cannon Beach is located on the Pacific Northwest Coast of Oregon, 80 miles west of Portland and 25 miles south of Astoria. Cannon Beach is surrounded by the rugged natural beauty of forests, ocean beaches, rivers, and the Oregon Coast Mountain range. Four miles in length, it is a popular and picturesque resort area, playing host to more than 1,500,000 visitors annually.

FOR SALE DETAILS

PRICE

$2,700,000 USD

PRICE/SF

$278 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Restaurant, Storefront

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

Kip RunningThe Running GroupMore Info
503-799-2488

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Kip RunningThe Running GroupMore Info
503-799-2488

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