Commercial for Sale: 2503 MAIN AVE, Tillamook, OR 97141 SOLD

7,080 sqft
$1,230,000
$1,230,000
2503 MAIN AVE, Tillamook, OR 97141 SOLD
7,080 sqft
$1,230,000
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Selling Price: $1,230,000
Original List Price: $1,550,000
Sold at 79.4% of list price
Sold Date: 08/29/2024

Type Commercial
Square Feet 7,080 sqft
Lot Size 0.92 acres
Year Built 1997
Taxes Paid $9,066

City Tillamook
Area 195 - Tillamook County
County Tillamook

MLS 24043897
Status Sold
DOM 136 days
Discover an exceptional income opportunity at the intersection of HWY 101 and Wilson River Loop, adjacent to Fred Meyers and Shiloh Inn. At the heart of commercial activity with this prime location and boasting three expansive buildings on nearly an acre. A total of eight long-term tenants secured with 1, 3 and 5 year leases with 3% annual increases built-in, ensuring a reliable income stream. With a dedicated investment of over $225,000 in upgrades over the past eight years, including resilient metal roofs, refreshed paint and siding on building fronts, and updated, paved parking lot, this property provides longevity and quality. Built as a Super Good Sense property with 2x6 framing. Accessible with single-level layouts and ADA features, plus 49 parking spaces, and two parking lot entrances. Capitalize on the potential, as the seller believes current rents fall below market value, this corner stands poised for further development and expansion. Same, meticulous owners for 35 years.

Virtual Tours for 2503 MAIN AVE Tillamook, OR

Lot & Building Features

Construction Cement Siding, Vinyl Siding, Crawl Space
Cooling Heat Pump
Heating Forced Air, Wall Furnace, Heat Pump
Parking Description Off Street, Paved
Sewer Public Sewer, Septic Tank
Water Public Water

Price History of 2503 MAIN AVE, Tillamook, OR

Date Name Price Difference
04/15/2024 Listing Price $1,230,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 2503 MAIN AVE, Tillamook, OR

Location Map Street View
Photo of Bob Blades
Bob Blades
REALTOR, Managing Broker
Direct: 541-490-0690
Office
65 NE Estes
White Salmon, WA 98672
509-493-1783
Listed by Think Real Estate, Amber Turner & David Abrams
Sold by RE/MAX HomeSource, Samantha Mattison
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RMLS

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Think Real Estate

The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS. of Portland, Oregon. Real estate listings held by brokerage firms other than Pacific Rim Brokers are marked with the RMLS. logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 RMLS., Portland, Oregon.