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172 S Old Pacific Highway 125 Opresik Ln 2,404 SF 100% Leased Retail Building Myrtle Creek, OR 97457 $699,000 ($290.77/SF)
INVESTMENT HIGHLIGHTS
- Great location!
- Large property with lots of potential!
- Multiple income streams!
EXECUTIVE SUMMARY
Commercial property with multiple income streams in prime location! This 2.52-acre property presents an excellent investment opportunity with highway frontage, versatile zoning (C2 with a portion R2), and established income sources. The sale includes the Tri City Country Club bar, a longtime local establishment, along with fixtures and owned inventory (some items convey, others are vendor-supplied).Additional revenue comes from five rental spaces at $400/month each, all fully occupied, plus a cabin currently rented for $800/month. With plentiful on-site parking, high visibility, and strong rental demand, this property offers both an operating business and steady supplemental income, with zoning that allows flexibility for future growth and development.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Bar
Building Size
2,404 SF
Year Built
1950
Price
$699,000
Price Per SF
$290.77
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.02
Lot Size
2.52 AC
Zoning
C2, R2 - Most of the property is C2 with a small portion of R2 in the back.
Frontage
137’ on S Old Pacific Hwy
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Number | R26586 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $230,058 |
PROPERTY TAXES
Parcel Number
R26586
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$230,058
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172 S Old Pacific Highway | 125 Opresik Ln
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