$1,400,000
Waldport, OR 97394
MLS# 26-187
7 baths | 6902 sqft
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Property Description
Commercial investment opportunity in Waldport featuring a mini strip mall with seven total units, including a ground lease. The property offers 6,902 square feet of single level commercial space situated on over half an acre of land. A new roof was installed in 2024. The property is 100 % occupied. With approximately 300 feet of frontage along the Alsea Highway, the site benefits from strong visibility in a high traffic corridor. Originally developed and owned by the original owner, the property has been well maintained and thoughtfully positioned. All units are single level, offering easy access for tenants and customers alike. The center is centrally located and close to the amenities of Waldport, making it a convenient destination for both local traffic and pass through visitors. This is a strong opportunity for investors seeking a fully leased, high visibility commercial asset with solid income and long term upside in a coastal market.
Details
Maps
Documents
Status Change Information
Status Change Timestamp: 2026-01-30
Address
Within City Limits?: Yes
Street Number: 385
Street Direction Prefix: NE
Street Name: Alsea
Street Suffix: Highway
County: Lincoln
State: OR
Postal Code: 97394
Directions: Hwy 101 to NW Hemlock St. NW Hemlock turns into NE Alsea Hwy. Property located on right-hand side. No sign.
Cross Street: NE Crestline Dr
Parcel Number: 13-11-19-AA-01700-00
Tax & Legal
CC&R's: No
Currently Not Used
Association YN: No
Interior
Furnished: Unfurnished
Above Grade Finished Area: 6902
Living Area: 6902
Building Area Source: Assessor
Bathrooms Total: 7
Building
Year Built Source: Assessor
Year Built Details: New roof 2024
Accessibility Features YN: No
Year Built: 1998
Stories Total: 1
Lot
Water Body Access YN: No
Accessory Dwelling Unit YN: No
View YN: No
Lot Size Acres: 0.51
Lot Size Square Feet: 22215.6
Utilities
Electricity Connected: 1
Sewer Connected: 1
Water Connected: 1
Building and Property Details
# Of Tenants: 8
Annual Lease Rate Per Square Foot: 10.71
Building and Property Condition: Resale
Exterior Color: Gray
Construction Materials
Fiber Cement: 1
Lap Siding: 1
Cooling
None: 1
Fencing
None: 1
Flooring
Vinyl: 1
Foundation Details
Slab: 1
Heating
Wall Furnace: 1
Levels
One: 1
Listing Terms
1031 Exchange: 1
Cash: 1
Conventional: 1
Owner Will Carry: 1
Lot Features
Level: 1
Parking Features
Off Street: 1
Open: 1
Possession
Negotiable: 1
Road Frontage Type
Highway: 1
Road Responsibility
Public Maintained Road: 1
Road Surface Type
Paved: 1
Roof
Composition: 1
Sewer
Public Sewer: 1
Showing Considerations
Occupied: 1
Special Listing Conditions
Standard: 1
Water Body View
No: 1
Water Source
Public: 1
Window Features
Vinyl Frames: 1
Income and Expenses
Gross Income: 73989.24
Vacancy Allowance Rate: 0
Water Expense: 5900
Cap Rate: 3.65
Electric Expense: 750
Insurance Expense: 2800
Maintenance Expense: 1900
Net Operating Income: 51139.24
Total Actual Rent: 73989.25
Owner Pays
Exterior Maintenance: 1
Water: 1
Business Details
Equip/FF Incl Y/N: No
Business Type
Accounting: 1
Administrative and Support: 1
Advertising: 1
Barber/Beauty: 1
Church: 1
Hobby: 1
Professional Service: 1
Retail: 1
Other: 1
Existing Lease Type
Gross: 1
Location of Property
City: 1
Sale Includes
Building: 1
Additional Tax and Location Information
Highway 101: East Side
Property Tax ID #: R117537
Tax District: 303
Showing Requirements
24 Hour Notice: 1
Call Listing Agent: 1
Restricted Hours: 1
Listing Information
Listing Association Name: Lincoln County BOR
Property Sub Type: Mixed Use
Contract
Current Price: $1,400,000
Status: Active
Begin Date: 2026-01-30
List Price: $1,400,000
Listing Agreement: Exclusive Right To Sell
Listing Service: Full Service
Tax Legal
Subdivision Name: Railroad - Waldport
Tax Annual Amount: 11566.65
Tax Year: 2025
Zoning: C-1 Commercial
Tax Lot: 1700
Tax Map Number: 131119AA
Parking Information
Parking Total: 37
Unit Details
Number Of Units Leased: 7
Property Features
Utilities: Electricity Connected; Sewer Connected; Water Connected; Electricity Connected; Sewer Connected; Water Connected
Business Type: Accounting; Administrative and Support; Advertising; Barber/Beauty; Church; Hobby; Professional Service; Retail; Other
Construction Materials: Fiber Cement; Lap Siding
Cooling: None
Existing Lease Type: Gross
Fencing: None
Flooring: Vinyl
Foundation Details: Slab
Heating: Wall Furnace
Levels: One
Listing Terms: 1031 Exchange; Cash; Conventional; Owner Will Carry
Lot Features: Level
Owner Pays: Exterior Maintenance; Water
Parking Features: Off Street; Open
Possession: Negotiable
Road Frontage Type: Highway
Road Responsibility: Public Maintained Road
Road Surface Type: Paved
Roof: Composition
Sale Includes: Building
Sewer: Public Sewer
Special Listing Conditions: Standard
Water Body View: No
Water Source: Public
Window Features: Vinyl Frames
Showing Considerations: Occupied
Showing Requirements: 24 Hour Notice; Call Listing Agent; Restricted Hours
Plat Map 
Listing Office: Taylor & Taylor Realty Company
Office Email: rebroker.geraldaldrich@gmail.com
Last Updated: June - 09 - 2026
Information deemed reliable but not guaranteed.