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975 3rd et al St - 3rd Street Development 5 Unit Apartment Building Offered at $1,115,000 Tillamook, OR 97141
INVESTMENT HIGHLIGHTS
- Across from medical center
- Current tenants include 3 residential, 1 Drive thru Coffee/Food Cart
- 4 Lots with development potential
EXECUTIVE SUMMARY
4 Lots to be sold together as a Future Commercial Development Site. The four contiguous properties are located on 3rd & 4th Street, directly across from the Tillamook Adventist Medical Center. One parcel is commercial use with the popular Antoinette's Drive Thru Coffee & Soup (structures owned by Tenant). The other 3 properties have residential structures; 2 single family homes (771 F & 1,584 SF), the fourth parcel has 2 cottages (490 SF & 640 SF).All rentals are month-to-month, tenants have been notified of sale - Please do not disturb tenants. Property showings with an accepted offer only. Seller will consider seller financing and/or participation with buyer in their property development plan. Contact Broker for current Income & Expense Details.
PROPERTY FACTS
| Price | $1,115,000 | Lot Size | 0.80 AC |
| Price Per Unit | $223,000 | Building Size | 3,485 SF |
| Sale Type | Investment | No. Stories | 1 |
| No. Units | 5 | Year Built | 1947 |
| Property Type | Multifamily | ||
| Zoning | TM_R-0 - This district is intended to provide for high density multiple family developments in locations close to shopping and services | ||
| Price | $1,115,000 |
| Price Per Unit | $223,000 |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Lot Size | 0.80 AC |
| Building Size | 3,485 SF |
| No. Stories | 1 |
| Year Built | 1947 |
| Zoning | TM_R-0 - This district is intended to provide for high density multiple family developments in locations close to shopping and services |
PROPERTY TAXES
| Parcel Number | R0117901 | Improvements Assessment | $0 |
| Land Assessment | $125,250 | Total Assessment | $125,250 |
PROPERTY TAXES
Parcel Number
R0117901
Land Assessment
$125,250
Improvements Assessment
$0
Total Assessment
$125,250
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975 3rd et al St - 3rd Street Development
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