625 Nehalem Blvd, Wheeler, OR 97147

Property Description

FOR SALE: Unique and Exceptional Commercial/Mixed-Use Development Opportunity located along Highway 101 (Nehalem Blvd.) in the heart of Downtown Wheeler, with ODOT Traffic Counts approximately 5,500 Average Daily Traffic (ADT) along Hwy 101. Wheeler is one of the Tillamook Coast's Walkable Cities, walk to dining, shopping, sitting bayside, rent a kayak or take a hike. The property faces beautiful Nehalem Bay in this picturesque North Oregon Coast Community. These two contiguous buildings are in "shell condition", with demoed interiors resulting in wide open floor plan inspiring a variety of use possibilities for the new owner. Adding stairs to the 2nd floor avails the 2nd floor, with impressive old growth hardwood floors, for commercial use expansion upstairs or residential (think owner's live-in loft or one or two residential rental(s)), note the included sample floor plan buildout. The attached Elevation Certificate, confirms the property's location outside FEMA-designated flood zone. Sellers have worked with a structural engineer to provide a solid exterior wall presentation and secured environmental clearances (asbestos, lead based paint, ETC.). Seller has painstakingly updated the building structure to this current state, readying property for the new owner's build-out utilizing this impressive blank canvas. Quality, rustic and vintage building materials currently onsite. Seller's extensive property experience, knowledge of the building's current condition and the permits pulled for the restoration progress to date will be helpful. New membrane roof on the single story building portion, metal roof on the 2 story building portion. The two buildings have long been connected with the interior demising wall removed. Seller financing available under attractive terms, check with broker - Seller has a particular desire to encourage a buyer bringing a dynamic new business to add to the mix for locals, visitors and tourists. Bay Views from 2nd Floor build out. Parking on-site, on contiguous City Parking Lots & Downtown Street and Off-Street Parking. Immediately adjacent to the Post Office, Old Wheeler Hotel, The Roost and the legendary Wheeler Antiques and Collectibles. Nehalem Bay is directly across from the Property, bordered by the Neahkahnie Smoke House, Wheeler Marina, Salmonberry Restaurant and seasonal Oregon Coast Scenic Railroad runs.