OR > Cannon Beach
Cannon Beach, OR 97110,279 N Hemlock ST
Cannon Beach, OR 97110,279 N Hemlock ST
Cannon Beach, OR 97110,279 N Hemlock ST
16
Listed by Hasson Company
Bought with Hasson Company
$718,000
$750,000
4.3%
Est.Price: ?

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1,200 SqFt

279 N Hemlock ST Cannon Beach, OR 97110

Est. payment /mo
SOLD DATE : 09/11/2020

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Koert Balke

Koert Balke

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Key Details

Sold Price $718,000

Property Type Commercial

Sub Type Commercial

Listing Status Sold

Purchase Type For Sale

Square Footage 1,200 sqft

Price per Sqft $598

MLS Listing ID 20146593

Sold Date 09/11/20

Year Built 2020

Annual Tax Amount $2,694

Tax Year 2019

Lot Size 4,791 Sqft

Property Sub-Type Commercial

Property Description

Rare, new commercial construction in the heart of downtown Cannon Beach with an 8 Cap Rate. An opportunity to own a prime commercial property in the most popular city on the Oregon Coast. A seller leaseback structured as a NNN lease gives an investor an 8 Cap Rate on this investment. Five on-site parking spaces,1200 SF of new construction while maintaining the character and charm of the original structure.

Location

State OR

County Clatsop

Area _189

Zoning c-1

Interior

Heating Other

Exterior

View Y/N false

Garage No

Building

Story 1

Sewer Public Sewer

Water Public Water

Level or Stories 1

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Regional Multiple Listing Service (RMLS)

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Koert Balke

Koert Balke

Agent | MORE REALTY | License ID: 201233253

+1(503) 381-6361

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