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1254 Salmon River Highway

Otis, OR 97368
  • $3,800,000
  • STATUS: Active
  • ON SITE: 140 Days
  • MLS #: 22-16
UPDATED: 33 min ago
$3,800,000
  • 2
    BEDS
  • 184.38
    ACRES
  • 3
    BATHS
  • 50
    1/2 BATHS
  • 5,791
    SQFT
  • $656
    $/SQFT
Neighborhood:
Na
Type:
Commercial
Built:
1949
County:

School Ratings & Info

Description

Downtown Otis Business District! This is a fantastic opportunity to own commercial acreage zoned for multiple uses. Sold together as one. This property consists of a total of 184.8 acres. 2 rental houses, a barn with 19 stalls, dispensary, pizzeria, gas station, post office, coffee shop, fishing club, horse pasture, seasonal farmers market, grange hall, cafe (in process of rebuilt from fire). Property has a gross income of $236,169 per year with several long term tenants in place. Otis is located just a ten minute drive from the gorgeous central Oregon Coast with miles of Sandy beaches. Please do not disturb tenants.

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© 2022 Lincoln County Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Coho Realty. Data last updated: 2022-05-25T10:35:08.57.
www.cohorealtynw.com/homes/124424178
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1254 Salmon River Highway Otis, OR 97368

  • Price: $3,800,000
  • Status: Active
  • On Site: 140 Days
  • Updated: 33 min ago
  • MLS #: 22-16
2
Beds
3
Baths
50
½ Baths
184.38
Acres
5,791
SQFT
$656
$/SQFT
1949
Built
Neighborhood:
Na
County:
Lincoln
Area:
Otis/Rose Lodge
Property Description
Downtown Otis Business District! This is a fantastic opportunity to own commercial acreage zoned for multiple uses. Sold together as one. This property consists of a total of 184.8 acres. 2 rental houses, a barn with 19 stalls, dispensary, pizzeria, gas station, post office, coffee shop, fishing club, horse pasture, seasonal farmers market, grange hall, cafe (in process of rebuilt from fire). Property has a gross income of $236,169 per year with several long term tenants in place. Otis is located just a ten minute drive from the gorgeous central Oregon Coast with miles of Sandy beaches. Please do not disturb tenants.
Exterior Features

Foundation Concrete Perimeter Frontage Highway Garage Type Detached Levels One Primary View Forest Roof Built-UpCompositionFlat Secondary View River Siding Cedar Street Surface DirtGravelPaved

Interior Features

Building Elevator No Ceiling FlatVaulted Flooring CarpetOtherTile Heating Forced Air Internal Features DishwasherMicrowaveRefrigerator Internal Features Furnished No Internal Features Range Oven Electric Internal Features Washer Dryer Electric Internal Features Water Heater Electric Walls Paint

Property Features

3rd Party Approval No Association No Bank Lender Owned No Business Description AgricultureConvenience StoreFarmFood & BeverageGas StationHealth ServicesMixedResidentialRetail CCAnd Rs No Electric On Property Gas On Property General Info Building Type Multiple Buildings General Info Condition Fair General Info Possession Negotiable Hwy101 East Side Income Gross Income 236169.00 Sellers Terms 1031CashConventional Sewer Septic Short Sale No Tax Year 2020 Taxes 14740.73 Water Well Year Built Remarks Multiple Buildings Zoning C-1 Commercial

© 2022 Lincoln County Multiple Listing Service, Inc. All rights reserved.


© 2022 Lincoln County Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Coho Realty. Data last updated: 2022-05-25T10:35:08.57.
 
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Coho Realty
500 Liberty St SE, Suite 410
Salem OR, 97301