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342 Highway 101 N 2,500 SF Retail Building Rockaway, OR 97136 $490,000 ($196/SF)
INVESTMENT HIGHLIGHTS
- High traffic count at low speed, abundant parking, no competing pizza restaurants
- Great location in town center & 2 blocks to beach
- Good condition, ready to do business
EXECUTIVE SUMMARY
STEP IN TO OPPORTUNITY to own the only pizza restaurant in the bustling beach town of Rockaway, once featured in national magazine as one of top 10 places to be on 4th of July. Located near center of town on scenic coast Hwy 101 where traffic exposure is abundant and the speed limit is 30mph. Just 75 yds around the corner is Rockaway's famous 7 mile long sandy beach. A restaurant for over 50 years, this well kept facility and the equipment & sign can be yours to open for business tomorrow. Attractive lounge, efficient layout with enclosed dough room, paved parking for apx 12. Adjacent to the property are 2 add'l commercially zoned tax lots which could be added for the package price of $920,000.
TAXES & OPERATING EXPENSES (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
$3,775
|
$1.51
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$3,775
|
$1.51
|
TAXES & OPERATING EXPENSES (ACTUAL - 2025)
| Taxes | |
|---|---|
| Annual | $3,775 |
| Annual Per SF | $1.51 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $3,775 |
| Annual Per SF | $1.51 |
PROPERTY FACTS
Sale Type
Owner User
Sale Condition
Bulk/Portfolio Sale
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,500 SF
Building Class
C
Year Built
1970
Price
$490,000
Price Per SF
$196
Tenancy
Single
Building Height
1 Story
Building FAR
0.32
Lot Size
0.18 AC
Opportunity Zone
Yes
Zoning
C-1 - 3 separate tax lots can be split
Parking
18 Spaces (7.2 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Restaurant
- Signage
- Drive Thru
- Storage Space
- Monument Signage
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $357,550 (2024) | |
| Land Assessment | $244,710 (2024) | Annual Taxes | $3,775 ($1.51/SF) |
| Improvements Assessment | $112,840 (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$244,710 (2024)
Improvements Assessment
$112,840 (2024)
Total Assessment
$357,550 (2024)
Annual Taxes
$3,775 ($1.51/SF)
Tax Year
2025
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342 Highway 101 N
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