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2699 N 17TH ST Coos Bay, OR $ 8,500,000
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$ 8,500,000 Get more info
2699 N 17TH ST
$ 8,500,000
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Share Save

2699 N 17TH ST

Coos Bay, OR, 97420
$ 8,500,000
Baths0.0 Sq 29,011

Monthly Estimate*

$ 56,494

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Studio

Commercial Property for sale in Coos Bay, OR

for $8,500,000. This 29,011 square foot building was built in 1979 on a lot size of 3.38.

HUGE PRICE REDUCTION!!! $1,800,000 price adjustment on this multi-tenant net leased investment!!! Medical Campus is occupied by an established orthopedic surgery and physical therapy center and ENT, with a new 5 year lease base term generating high returns and passive income. The subject property comprises 4 buildings totaling 29,011 SQFT and is positioned on a 2.01 acre lot adjacent to similar facilities in the medical district. Sale also includes 30X40 shop for maintenance and storage. NNN long term leases generating $606,651 Annual net income 7.1% Cap Rate at full price. Owners are selling real estate and retaining the businesses. Seeking quality landlord to collect $50,000 per month for the next 5 years with zero day to day responsibilities. Tenants pay all utilities, interior maintenance, property taxes, and insurance.

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Commercial Active

Price

$ 8,500,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 58,832

Style

Commercial

Lot Size

3.38

Year Built

1979

Town/City

Coos Bay

County/Region

Coos

MLS | Web ID

22528870
Features
General
Sewer PublicSewer
Heating HeatPump
Cooling HeatPump
Roof Composition Rubber
Zoning MP
Construction Materials CementSiding WoodFrame
Year Built 1979
Sale Includes Building Equipment Land
Stories 2
Property SubType Commercial
Tax Year 2021
Current Use MedicalDental ProfessionalService
Gross Income 603651.0
County Coos
Operating Expense 8913.0
Property Type CommercialSale
Status Active
Directions thompson RD to 17th
City CoosBay
MLS Area _260
Lot Size Square Feet 147232.0
Street Name 17TH
Listing Terms CallListingAgent Cash Conventional
Tax Annual Amount 58832.58
Property Condition UpdatedRemodeled
Days on Market 539
Lease Type YearsRemaining5to10 NNN
Standard Status Active
Lease Amount 603651.0
Legal Description 25-13-22CA TL 03500 TL 03800 TL 03600 TL 03700
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Exterior
Road Frontage 200
Parking Features OnSite
Water Source PublicWater
Total Parking 116.0
Number of Buildings 4
Building Area Total 29011.0
Street Suffix ST
Lot Size Acres 3.38
Road Surface Type Paved
Other Equipment Fixtures SecuritySystem SmokeDetector Sprinkler
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Internal Only
Street Number 1 2699
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* Excluded Features
List By
Pacific Properties

Broker

joel@PacificPropertiesTeam.com

Email

Affordability Calculator

$61,396
Per Month
92%
8%
0%
Monthly Principal & Interest
$56,494
Monthly Property Taxes
$4,903
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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THE TIME TO SELL IS NOW!
Nearby
1949264 Elementary School
1949174 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
8/2/2023$8,500,000 -17.48% Price Down
2/20/2023$10,300,000 -6.32% Price Down
2/20/2023$10,995,000 Listed Price

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2699 N 17TH ST, Coos Bay, OR, 97420 is a Commercial Property for sale at $8,500,000 with 29,011 sqft and a lot size of 3.38. 2699 N 17TH ST is a studio with 0.0 baths and was built in 1979. The property's zip code is 97420 which is in Coos Bay, OR

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