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INVESTMENT HIGHLIGHTS
- Great Highway Location
- Local Favorite Deli
- Popular Oregon Coast Town
- Possibility of combining w/ contiguous vacant lot for sale
EXECUTIVE SUMMARY
MIXED USE PROPERTY - RB Little Store has Re-opened and operating! Purchase Price includes recently re-opened and popular RB Store with rear residence. Seller may consider Seller Financing, check with Broker. North Rockaway Beach Free-Standing Commercial location. Rockaway Beach aka as the ''Family Beach Town'' attracts visitors far and wide to this North Oregon Coast Beach. Approximately 2,905 SF building situated on an .49 Acre Lot (21,345 SF), offering abundant on-site parking, along Hwy 101 - Pacific Coast Scenic Byway. Formerly a popular Mexican Restaurant for decades. On the east side of Hwy 101, one long block from the Pacific Ocean and 7 miles of beach front. Rockaway's 1,450 population soars to over 3,000 occupants during the busy season from June through October with the large number of short term lodging rentals and motel lodging. The purchase price has been updated based on seller's updates, requirement for roof replacement anticipated soon. Rear area beyond back outside mowed area, is wetlands. Possibility of combining with vacant lot for sale on other side of 18th Avenue.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
$4,071
|
$1.40
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$4,071
|
$1.40
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Taxes | |
|---|---|
| Annual | $4,071 |
| Annual Per SF | $1.40 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $4,071 |
| Annual Per SF | $1.40 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,905 SF
Building Class
C
Year Built
1950
Price
$415,000
Price Per SF
$142.86
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.49 AC
Opportunity Zone
Yes
Zoning
C1 - Highway Commercial
Frontage
174’ on Hwy 101
AMENITIES
- Corner Lot
- Freeway Visibility
- Pylon Sign
- Restaurant
- Signage
PROPERTY TAXES
| Parcel Number | R0034625 | Total Assessment | $421,790 |
| Land Assessment | $170,710 | Annual Taxes | $4,071 ($1.40/SF) |
| Improvements Assessment | $251,080 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
R0034625
Land Assessment
$170,710
Improvements Assessment
$251,080
Total Assessment
$421,790
Annual Taxes
$4,071 ($1.40/SF)
Tax Year
2024
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1720 N Hwy 101
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