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1111 Chetco Ave
Brookings, OR 97415
Retail Property For Sale
Investment Highlights
- Direct visibility & access to the scenic Pacific Coast Highway (101)
- Established tenancy
- 100% occupied
Executive Summary
ATTENTION INVESTORS! Discover the opportunity to own a premium strip mall, boasting outstanding frontage and visibility along the bustling HWY 101 in Coastal Brookings Oregon! This property is not only well-maintained, but also has undergone renovations and improvements, enhancing its appeal. It features a history of long-term tenancies and a stable rental income. Benefits from the convenience of a professional property manager. Interested parties are invited to schedule a viewing appointment through their Realtor to explore the business spaces available. Don't miss this chance to invest in a prime location with proven profitability. CURRENT RENT ROLL/GROSS INCOME OF $111,787+. 2024 OPERATING EXPENSES = $48,503. NET INCOME = $63,284+. ROI = 7%.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
12,716 SF
Year Built/Renovated
1953/2009
Price
$899,000
Price Per SF
$70.70
Cap Rate
7%
NOI
$62,930
Percent Leased
100%
Building Height
1 Story
Building FAR
0.48
Lot Size
0.61 AC
Zoning
C-3 - Commercial - focus on retail.
Parking
20 Spaces (1.57 Spaces per 1,000 SF Leased)
Frontage
190’ on Chetco Ave / Hwy 101
Amenities
- Freeway Visibility
Property Taxes
| Parcel Number | R10564 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $894,900 |
Property Taxes
Parcel Number
R10564
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$894,900
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