1254 Salmon River Highway

Otis, OR, 97368

$2,600,000

$129 per ft²
$2,600,000
$129 per ft²
Active
Active
 - For Sale
beds
2 Beds
carpenters-square
20,049 ft²
property_type
Commercial
calendar
Built 1949
Price slashed!! Must close by December 31, 2022. Downtown Otis Business District! This is a fantastic opportunity to own commercial acreage zoned for multiple uses. 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 $239,253 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, no showings without an acceptable offer. Deed restriction that is recorded does not allow property parcels to be sold individually.
MLS® ID:
22-16
Updated:
10/7/22
Cascade | Sotheby’s International Realty
Seth Belsey

Interior Features

Total Bedrooms
2
Total Bathrooms
0
Interior Features
Dishwasher, Microwave, Refrigerator
Floor Description
Carpet, Other, Tile
Heating
Forced Air

Exterior/Building Features

Lot Size
184.38 acres lot
Roof
Built-Up, Composition, Flat
Sewer
Septic

Other Property Details

Taxes
$14740.73
Tax Frequency
per YEAR
Garage
Yes
Parking
Detached
View
Y
County
Lincoln
Utilities
On Property
Water Source
Well
Pool
No
Zoning
C-1 Commercial

Property History

Date
Event
Price
Value
9/20/22
Price Change
$2,600,000
-21%
9/10/22
Price Change
$3,295,000
-2%

 

Courtesy of Taylor & Taylor Realty Company

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Seth Belsey shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2022 Lincoln County Board of REALTORS. All rights reserved.

Cascade | Sotheby’s International Realty
Seth Belsey
Contact