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Anthony Dang

anthonydang@simplihom.com +1(509) 460-0410

Listed by RE/MAX Ultimate Coastal Properties • 541-425-7494

$ 895,000

Est. payment -/mo

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Price Dropped by $100K

29430 ELLENSBURG AVE Gold Beach, OR 97444

5,020 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 5,020 sqft

Price per Sqft $178

MLS Listing ID 23306035

Year Built 1977

Annual Tax Amount $7,141

Tax Year 2025

Lot Size 0.450 Acres

Property Sub-Type Commercial

Property Description

PRICE REDUCED $380,000! 10.5% Cap Rate with Ocean Views on Highway 101!Now priced at $895,000, down from $1,275,000, this income-producing commercial property generates $125,200 in annual gross income and $93,815 in net operating income. That's roughly a 10.5% cap rate on prime Highway 101 frontage with direct ocean views.The 5,020 sq ft building on 0.45 acres brings in two steady sources of income. The lower level is leased to an established restaurant, with multi-tiered seating for up to 150 guests, designed for great flow and ocean views from nearly every table. Upstairs, an updated 2-bedroom, 1-bath vacation rental provides a second income stream and can also serve as your own coastal getaway.The property includes 34 on-site parking spaces plus additional leased parking nearby, 115 feet of highway frontage with signage, a metal roof, heat pump heating and cooling, and public water and sewer. It's located next to the fairgrounds with 4C zoning.At just $178 per square foot and a gross rent multiplier of about 7.1, this is a rare chance to own a cash-flowing, ocean-view commercial building on the Southern Oregon Coast. Sale includes building and land only. Call today for financials and a private showing!

Location

State OR

County Curry

Area _273

Zoning 4C

Interior

Heating Heat Pump

Cooling Heat Pump

Exterior

View City, Ocean

Roof Type Metal

Garage No

Building

Story 2

Sewer Public Sewer

Water Public Water

Level or Stories 2

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://my.matterport.com/show/?m=NFGsjDXyiCA&mls=1

Regional Multiple Listing Service (RMLS)

Nearby Locations

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+1(509) 460-0410

anthonydang@simplihom.com