Investor's Delight! | 2624 Neawanna St
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Investor's Delight! 2624 Neawanna St
1,667 SF Vacant Flex Building Seaside, OR 97138 $3,200,000 ($1,920/SF) 1.07% Cap Rate
Investment Highlights
- A charming 3-bedroom, 2-bathroom single-story home, perfect for single-floor living. This residence is currently a successful Airbnb.
- Zoned R2 for medium density, this property presents significant potential for further development; build or expand the existing structure.
- Plenty of space and favorable zoning, this property is ideal for investors looking to create a custom dream home, vacation rentals or Multi-family.
- The property spans over 2 acres, divided into two separate lots. This generous space provides ample room for various development opportunities.
- The Necanicum River and Neawanna Creek right at your doorstep. The breathtaking ocean views add to the charm and appeal, making it highly desirable.
- Prospective buyers are encouraged to perform due diligence to fully understand the potential and possibilities of this unique property.
Executive Summary
Investor's Delight: Rare Waterfront Opportunity on the Necanicum River and Neawanna Creek! Seize this unique chance to own a prime piece of land with stunning ocean views.
This property features: Current Home: A charming 3-bedroom, 2-bathroom. This residence is currently a successful Airbnb, generating income and offering immediate returns. Expansive Land: The property spans over 2 acres, divided into two separate lots. This generous space provides ample room for various development opportunities. Zoning: Zoned R2 for medium density, this property presents significant potential for further development. Build additional homes, a multi-family residence, or expand the existing structure your options are plentiful. Scenic Location: Enjoy the serene beauty of the Necanicum River and Neawanna Creek right at your doorstep. The breathtaking ocean views add to the charm and appeal, making it a highly desirable location for future projects. Development Potential: With plenty of space and favorable zoning, this property is ideal for investors looking to create a custom dream home, vacation rentals, or a residential development. Prospective buyers are encouraged to perform due diligence to fully understand the potential and possibilities of this unique property. Don't miss out on this exceptional investment opportunity to own and develop a remarkable property in a stunning location!
This property features: Current Home: A charming 3-bedroom, 2-bathroom. This residence is currently a successful Airbnb, generating income and offering immediate returns. Expansive Land: The property spans over 2 acres, divided into two separate lots. This generous space provides ample room for various development opportunities. Zoning: Zoned R2 for medium density, this property presents significant potential for further development. Build additional homes, a multi-family residence, or expand the existing structure your options are plentiful. Scenic Location: Enjoy the serene beauty of the Necanicum River and Neawanna Creek right at your doorstep. The breathtaking ocean views add to the charm and appeal, making it a highly desirable location for future projects. Development Potential: With plenty of space and favorable zoning, this property is ideal for investors looking to create a custom dream home, vacation rentals, or a residential development. Prospective buyers are encouraged to perform due diligence to fully understand the potential and possibilities of this unique property. Don't miss out on this exceptional investment opportunity to own and develop a remarkable property in a stunning location!
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$34,349
|
$20.61
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$34,349
|
$20.61
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $34,349 |
| Annual Per SF | $20.61 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $34,349 |
| Annual Per SF | $20.61 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Amenities
- Waterfront
Utilities
- Lighting
- Gas
- Water
- Sewer
- Heating
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zoning
| Zoning Code | R2 (Land is zoned R2 with potential to be divided and built upon. Currently, the home is used as an Air BnB. Amazing development potential!) |
| R2 (Land is zoned R2 with potential to be divided and built upon. Currently, the home is used as an Air BnB. Amazing development potential!) |
-
Wendy Hemsley -
Michelle Jenkins -
Berkshire Hathaway Northwest Real Estate
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Investor's Delight! | 2624 Neawanna St
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