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985 Newmark Ave 25,000 SF Retail Building Coos Bay, OR 97420 $854,000 ($34.16/SF)
INVESTMENT HIGHLIGHTS
- Opportunity Zone
- 400' of Newmark Frotage - Road to Shore Acres State Park
- Parking Lot
EXECUTIVE SUMMARY
BUILT TO THE HILT, The Bay Area Athletic Club is A SOLID INVESTMENT AVAILABLE, IN COOS BAY, OREGON! THIS 25,000 +/- SQ FT Athletic Facility features 2 Locker Rooms w/17 SHOWERS, Steam Room, Day Care Room, Two Saunas, Two Hot Tubs, & Reception Area. THERE ARE 3 WEIGHT ROOMS OFFERING A VARIETY OF EQUIPMENT FOR ALL KINDS OF FITNESS ENTHUSIASTS! 4 Racquetball Courts, Cardio Room, 1/2 BASKETBALL COURT, Massage Therapy Room & 3 lane 25 Meter Pool Round Out the Amenities! A NEW MEMBRANE ROOF WAS INSTALLED IN 2016. The Approx. 48,000 +/- SQ/FT PARKING LOT CONTAINS 85 PARKING SPACES ON SITE! The Bay Area Athletic Club sits within a Federal OPPORTUNITY ZONE which is a program that features Tax Incentives to INVESTORS! With the Pacific Coast Intermodal Port & Timber Cove Developments on the horizon, this is an "OPPORTUNE" Time to purchase this HUGE COMMERCIAL BUILDING TO CONTINUE BAAC'S LEGACY OR REDEVELOPE INTO ANOTHER COMMERCIAL VENTURE!
PROPERTY FACTS
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
25,000 SF
Building Class
B
Year Built
1979
Price
$854,000
Price Per SF
$34.16
Tenancy
Single
Building Height
2 Stories
Building FAR
0.30
Lot Size
1.92 AC
Opportunity Zone
Yes
Zoning
C-2 - Multitude of uses this could continue as a gym, or be repurposed. Opportunity Zone.
Parking
85 Spaces (3.4 Spaces per 1,000 SF Leased)
Frontage
400’ on Newmark Ave
AMENITIES
- Signage
Walk Score®
Very Walkable (75)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1001884900 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $780,300 |
PROPERTY TAXES
Parcel Number
1001884900
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$780,300
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985 Newmark Ave
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