Bought with Hasson Company
$718,000
$750,000
4.3%For more information regarding the value of a property, please contact us for a free consultation.
1,200 SqFt
SOLD DATE : 09/11/2020
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 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
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
