176 S Highway 101
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176 S Highway 101
5,394 SF Retail Building Rockaway Beach, OR 97136 $849,000 ($157/SF)
Investment Highlights
- Located within walking distance to the beach.
- You can run two restaurants/bars in one building!
- Owner occupy permitted.
- Located on prime HWY 101.
- Includes separate room for Oregon Lottery potential.
- Retail/store front space.
Executive Summary
Located in downtown Rockaway Beach, Oregon, this unique C1-zoned property offers endless possibilities for investors or owner-occupiers. The zoning permits both commercial and residential development, with the potential to build multiple townhomes or retain one of the existing restaurants. Although currently not operating, the restaurant remains fully furnished, featuring a full commercial kitchen with pizza ovens, freezers, and more. From 2006 to 2023, the property functioned as a dual restaurant with two lounges, supported by a top-of-the-line, spacious shared commercial kitchen. Suite one boasts 3,936 square feet, complete with a large, renovated service area, full bar, and the potential for video poker. Suite two features 1,458 square feet, including a covered outdoor patio with heaters, a full
bar, and a separate space suitable for a secondary kitchen. This one-of-a-kind property offers limitless opportunities
—rent one suite and occupy the other, or expand further by building up. With lottery machines, a liquor license, and seller financing options available, this is a rare chance to invest in a prime location. All reasonable offers will be considered, and the SELLER IS WILLING TO CARRY A CONTRACT. Buyer to verify potential uses.
bar, and a separate space suitable for a secondary kitchen. This one-of-a-kind property offers limitless opportunities
—rent one suite and occupy the other, or expand further by building up. With lottery machines, a liquor license, and seller financing options available, this is a rare chance to invest in a prime location. All reasonable offers will be considered, and the SELLER IS WILLING TO CARRY A CONTRACT. Buyer to verify potential uses.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
5,394 SF
Year Built
1934
Price
$849,000
Price Per SF
$157
Tenancy
Single
Building Height
1 Story
Building FAR
0.48
Lot Size
0.26 AC
Opportunity Zone
Yes
Zoning
C-1 - Commercial, commercial development/ residential, residential development/ owner Occupy/retail. Buyer to verify.
Frontage
100 FT on Highway 101
Amenities
- Restaurant
PROPERTY TAXES
| Parcel Number | R0047684 | Improvements Assessment | $689,650 |
| Land Assessment | $239,980 | Total Assessment | $929,630 |
PROPERTY TAXES
Parcel Number
R0047684
Land Assessment
$239,980
Improvements Assessment
$689,650
Total Assessment
$929,630
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176 S Highway 101
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