Excellent Old Town Florence Commercial Opportunity

 

 

 

Property Description:
The subject property is located at 1335-1341 Bay Street, Florence, Oregon. The property consists of two buildings totaling 13,569 square feet. It is a two-building, two story, multi-tenant retail complex. The structures were built in 1934, 1977, and 1998 (and extensively remodeled in 2006). The buildings are situated on a 20,655 square foot or 0.47 acre commercially zoned parcel. There is an unfinished 3800 SF area above Bay Street Grill and Leatherworks that would be an excellent space for a loft apt., retail, or other use. Leases range from gross, NNN, MTM, 3 and 5 year, etc. The subject property includes 29 parking spaces in Old Town - which is extremely rare/valuable as very few businesses have their own parking. Recently appraised for $2,360,000.00

 

Location Description:
The subject property is located in the heart of Old Town Florence, Oregon. With a historical feel, Old Town is situated adjacent to the Siuslaw River waterfront. With the highest amount of tourist and local pedestrian foot traffic in the city, it is filled with retail shops, galleries, restaurants, and condominiums. The subject property is dead-center of Old Town in the busiest section of the district.

 

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