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263 W Exchange St

15,994 SF Health Care Building Offered at $3,450,000 at a 10.43% Cap Rate in Astoria, OR 97103

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Investment Highlights

Natural light via west-facing rooms
Prime residential location

Local to Oregon Coast Hwy

Executive Summary

Great investment opportunity to own this amazing commercial rental property with a 10.43% cap rate. The west-facing rooms offer unmatched views of the Columbia River, the city, and the Astoria Megler Bridge. Plenty of parking is beside the building and up the stairs in the upper parking lot. The property is clean and updated.

Financial Summary (Actual - 2023) Click Here to Access	Annual	Annual Per SF
Gross Rental Income	$99,999	$9.99
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$99,999	$9.99
Net Operating Income	-	-

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual	$99,999
Annual Per SF	$9.99

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	$99,999
Annual Per SF	$9.99

Net Operating Income
Annual	-
Annual Per SF	-

Property Facts

Price	$3,450,000	Building Class	C
Price Per Bed	$191,667	Lot Size	1.20 AC
Sale Type	Investment	Building Size	15,994 SF
Cap Rate	10.43%	No. Beds	18
Property Type	Health Care	No. Stories	1
Property Subtype	Rehabilitation Center Healthcare Skilled Nursing Facility	Year Built	1965

Price	$3,450,000
Price Per Bed	$191,667
Sale Type	Investment
Cap Rate	10.43%
Property Type	Health Care
Property Subtype	Rehabilitation Center Healthcare Skilled Nursing Facility
Building Class	C
Lot Size	1.20 AC
Building Size	15,994 SF
No. Beds	18
No. Stories	1
Year Built	1965

Amenities

Wheelchair Accessible

Smoke Detector

1 of 1

aerial
map

263 W Exchange St, Astoria, OR - aerial map view - Image1

263 W Exchange St, Astoria, OR - aerial map view - Image2

263 W Exchange St, Astoria, OR - aerial map view - Image3

PROPERTY TAXES

Parcel Numbers	Multiple 21761 21762 21763	Improvements Assessment	$0 (2024)
Land Assessment	$0 (2024)	Total Assessment	$1,364,965 (2024)

PROPERTY TAXES

Parcel Numbers

Multiple

21761
21762
21763

Land Assessment

$0 (2024)

Improvements Assessment

$0 (2024)

Total Assessment

$1,364,965 (2024)

zoning

Zoning Code	R3 (https://astoria.municipalcodeonline.com/book?type=development#name=R-3:_HIGH_DENSITY_RESIDENTIAL_ZONE)
R3 (https://astoria.municipalcodeonline.com/book?type=development#name=R-3:_HIGH_DENSITY_RESIDENTIAL_ZONE)