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204 Main Ave 6,656 SF 56% Leased Retail Building Tillamook, OR 97141 $1,300,000 ($195.31/SF)
INVESTMENT HIGHLIGHTS
- Main Intersection for Tourists arriving from Portland and turning onto Hwy 101
- Restaurant & Lounge accessed separately, free parking on both sides
- Traffic light stops flow for max street exposure
EXECUTIVE SUMMARY
THRIVING RESTAURANT/LOUNGE BUILDING & BUSINESS. Front & rear entry and city parking lot at your back door. Total bldg sq ft is 6656 per tax assessor. Lottery, front dining room & back lounge known for live entertainment & dancing. Nearly always busy. 3360sf dry basement storage area & office. Street level is 3296sf. Perfect location on Coast Hwy 101 in center of town, with high visibility where all the visitors slow down & wait at the traffic light to turn onto Hwy 6 to Portland. Conscientious owners, well maintained, happy crew, consistent clientele. Easy access to back door for deliveries and to allow bar customers to enter without walking through restaurant area via the front door. Free city parking lot at back door. Owner will consider financing.
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
6,656 SF
Building Class
C
Year Built
1900
Price
$1,300,000
Price Per SF
$195.31
Percent Leased
56%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.61
Lot Size
0.25 AC
Zoning
C-C
Frontage
28’ on US Hwy 101
AMENITIES
- 24 Hour Access
- Restaurant
- Signage
- Signalized Intersection
- Storage Space
Walk Score®
Very Walkable (78)
Bike Score®
Very Bikeable (81)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R0118241 | Total Assessment | $266,890 (2024) |
| Land Assessment | $86,240 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $180,650 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
R0118241
Land Assessment
$86,240 (2024)
Improvements Assessment
$180,650 (2024)
Total Assessment
$266,890 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
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204 Main Ave
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