Remarks

Rare investment opportunity in the heart of scenic Astoria! This mixed-use commercial property offers an ideal blend of commercial and residential spaces. The main level features two commercial tenants, providing a steady rental income stream. Additionally, there are three residential units, including a detached house, perfect for an owner occupant/investor. The property also includes a short-term rental unit, currently rented through VRBO, capitalizing on Astoria's booming tourism industry. Situated in a prime location, this property showcases the charm and beauty of Astoria, with its picturesque surroundings, historical landmarks, and access to outdoor recreational activities. The property boasts excellent visibility, high foot traffic, and easy access to local amenities, making it an attractive destination for residents, visitors, and businesses. The commercial spaces are well-maintained and leased to established tenants, ensuring stable income. The residential units offer modern amenities and are occupied by reliable long-term tenants, enhancing the property's cash flow potential. The detached house provides the option for an owner occupant to enjoy the comforts of a home while benefiting from the income generated by the other units. The short-term rental unit presents an additional revenue stream, taking advantage of Astoria's thriving tourism market. Investors, business owners, and developers will appreciate the diverse income streams and potential for future growth. Astoria's strong sense of community, cultural scene, and commitment to revitalization make it an excellent long-term investment.

Details

MLS#: 23438172
Price: $1,300,000

Style: Commercial
Sq Ft: 6120
Year Built: 1910

County: Clatsop
Tax Fee: 7234.0100000000002