29 W 1st St 4,081 SF 100% Leased Retail Building Coquille, OR 97423 $630,000 ($154.37/SF) 7.14% Cap Rate



EXECUTIVE SUMMARY
Amazing opportunity to take over or start a new business in the heart of downtown Coquille. Currently Uncle Randy's Café this great restaurant comes with all of the furniture and fixtures. The cafe' features a nice front counter area, ice cream bar, drive thru window for pick up orders, prep and cooking areas, coolers, refrigerators, 2 - bathrooms, large seating area with separate conference room option restaurant sets 82, booths and tables and everything you need to start right up. The main building also has a separate storage room and office space. The property has tons of parking including approximately 43 interior parking spaces and that doesn't include on street parking as well. Perfectly located on the corner of highway 42 and Central Blvd or Central Blvd and 1st St. the location can't be beat. Included in the sale is a high volume drive thru coffee shop. This coffee shop has a long time presence at this location and regular customers. Don't miss this is a one of a kind opportunity!! Call for a showing today!! Large level lot on the main intersection in town could also be a great development site for new freestanding retail location.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
4,081 SF
Building Class
B
Year Built
1951
Price
$630,000
Price Per SF
$154.37
Cap Rate
7.14%
NOI
$45,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.88
Lot Size
0.11 AC
Zoning
C-1 - General Commercial
Frontage
100’ on Hwy 42
AMENITIES
- Corner Lot
- Dedicated Turn Lane
- Signage
- Drive Thru
- Monument Signage
NEARBY MAJOR RETAILERS




PROPERTY TAXES
Parcel Number | 1003378000 | Improvements Assessment | $0 |
Land Assessment | $0 | Total Assessment | $90,860 |