218 Pacific Ave, Tillamook, OR 97141 (MLS:21-1585)

Commercial

Updated by Doretta Smith,

Property Description 

Historical centrally located in downtown Tillamook commercial building with 43 residential apartments and 8 commercial spaces below. Most units are 2 bed 1 bath units with LVP laminate flooring, newer cabinets, paint, lighting. Building has an on site laundry room, community room, elevator. Basement offers ample extra storage with many possibilities. Many major building improvements including masonry, recently completed seismic reinforcement, waterproofing, TPO 20 year roof, elevator control room upgrade. Great investment opportunity. Fully leased 100% occupancy. Yearly gross income $464,052. 6.7% cap rate. Not many buildings like this are on the market in the whole state of Oregon. Shown by appointment only please do not disturb tenants. .

218 Pacific Ave, Tillamook, OR 97141 - Main photo exterior218 Pacific Ave, Tillamook, OR 97141 - Main photo exterior
218 Pacific Ave, Tillamook, OR 97141 - historical flyer218 Pacific Ave, Tillamook, OR 97141 - 2021070122492499--1273071755527758822-IM218 Pacific Ave, Tillamook, OR 97141 - 2021070122492499-1282217609558810523-IMG218 Pacific Ave, Tillamook, OR 97141 - 2021070122492499-2176268414322780596-IMG218 Pacific Ave, Tillamook, OR 97141 - 2021070122492499-4106278957783074769-IMG218 Pacific Ave, Tillamook, OR 97141 - 2021070122492499-5938505218895586324-IMG218 Pacific Ave, Tillamook, OR 97141 - 2021070122492499-6175122238670812004-IMG218 Pacific Ave, Tillamook, OR 97141 - 2021070122492499-6269697226235906575-IMG218 Pacific Ave, Tillamook, OR 97141 - 2021070122492499-6378502520010578178-IMG218 Pacific Ave, Tillamook, OR 97141 - 2021070122492499-6455500056413195993-IMG218 Pacific Ave, Tillamook, OR 97141 - 2021070122492499--7030920574681053796-IM218 Pacific Ave, Tillamook, OR 97141 - 2021070122492499-7217404568148828079-IMG218 Pacific Ave, Tillamook, OR 97141 - 2021070122492499--7341614287506605977-IM218 Pacific Ave, Tillamook, OR 97141 - 2021070122492499-8889498175527891993-IMG218 Pacific Ave, Tillamook, OR 97141 - IMG_1379218 Pacific Ave, Tillamook, OR 97141 - DSC_7047-HDR218 Pacific Ave, Tillamook, OR 97141 - DSC_7051-HDR218 Pacific Ave, Tillamook, OR 97141 - DSC_7055218 Pacific Ave, Tillamook, OR 97141 - DSC_7056-HDR218 Pacific Ave, Tillamook, OR 97141 - DSC_7060-HDR218 Pacific Ave, Tillamook, OR 97141 - DSC_7063-HDR218 Pacific Ave, Tillamook, OR 97141 - DSC_7067218 Pacific Ave, Tillamook, OR 97141 - DSC_7068-HDR218 Pacific Ave, Tillamook, OR 97141 - DSC_7073218 Pacific Ave, Tillamook, OR 97141 - DSC_7074-HDR218 Pacific Ave, Tillamook, OR 97141 - DSC_7077218 Pacific Ave, Tillamook, OR 97141 - DSC_7078218 Pacific Ave, Tillamook, OR 97141 - DSC_7080-HDR218 Pacific Ave, Tillamook, OR 97141 - DSC_7081218 Pacific Ave, Tillamook, OR 97141 - DSC_7082218 Pacific Ave, Tillamook, OR 97141 - DSC_7083218 Pacific Ave, Tillamook, OR 97141 - DSC_7084218 Pacific Ave, Tillamook, OR 97141 - DSC_7087-HDR218 Pacific Ave, Tillamook, OR 97141 - DSC_7088218 Pacific Ave, Tillamook, OR 97141 - DSC_7091-HDR218 Pacific Ave, Tillamook, OR 97141 - DSC_7094-HDR218 Pacific Ave, Tillamook, OR 97141 - DSC_7095218 Pacific Ave, Tillamook, OR 97141 - DSC_7096218 Pacific Ave, Tillamook, OR 97141 - DSC_7099218 Pacific Ave, Tillamook, OR 97141 - DSC_7100218 Pacific Ave, Tillamook, OR 97141 - DSC_7101218 Pacific Ave, Tillamook, OR 97141 - DSC_7102218 Pacific Ave, Tillamook, OR 97141 - DSC_7103218 Pacific Ave, Tillamook, OR 97141 - DSC_7105218 Pacific Ave, Tillamook, OR 97141 - DSC_7108-HDR218 Pacific Ave, Tillamook, OR 97141 - DSC_7109218 Pacific Ave, Tillamook, OR 97141 - DSC_7110218 Pacific Ave, Tillamook, OR 97141 - DSC_7111218 Pacific Ave, Tillamook, OR 97141 - DSC_7112218 Pacific Ave, Tillamook, OR 97141 - DSC_7115218 Pacific Ave, Tillamook, OR 97141 - DSC_7116218 Pacific Ave, Tillamook, OR 97141 - DSC_7118218 Pacific Ave, Tillamook, OR 97141 - DSC_7120-HDR218 Pacific Ave, Tillamook, OR 97141 - DSC_7123218 Pacific Ave, Tillamook, OR 97141 - DSC_7125218 Pacific Ave, Tillamook, OR 97141 - DSC_7126218 Pacific Ave, Tillamook, OR 97141 - DSC_7128218 Pacific Ave, Tillamook, OR 97141 - DSC_7131-HDR218 Pacific Ave, Tillamook, OR 97141 - DSC_7132-HDR
218 Pacific Ave, Tillamook, OR 97141 - historical flyer218 Pacific Ave, Tillamook, OR 97141 - 2021070122492499--1273071755527758822-IM218 Pacific Ave, Tillamook, OR 97141 - 2021070122492499-1282217609558810523-IMG218 Pacific Ave, Tillamook, OR 97141 - 2021070122492499-2176268414322780596-IMG218 Pacific Ave, Tillamook, OR 97141 - 2021070122492499-4106278957783074769-IMG218 Pacific Ave, Tillamook, OR 97141 - 2021070122492499-5938505218895586324-IMG218 Pacific Ave, Tillamook, OR 97141 - 2021070122492499-6175122238670812004-IMG218 Pacific Ave, Tillamook, OR 97141 - 2021070122492499-6269697226235906575-IMG218 Pacific Ave, Tillamook, OR 97141 - 2021070122492499-6378502520010578178-IMG218 Pacific Ave, Tillamook, OR 97141 - 2021070122492499-6455500056413195993-IMG218 Pacific Ave, Tillamook, OR 97141 - 2021070122492499--7030920574681053796-IM218 Pacific Ave, Tillamook, OR 97141 - 2021070122492499-7217404568148828079-IMG218 Pacific Ave, Tillamook, OR 97141 - 2021070122492499--7341614287506605977-IM218 Pacific Ave, Tillamook, OR 97141 - 2021070122492499-8889498175527891993-IMG218 Pacific Ave, Tillamook, OR 97141 - IMG_1379218 Pacific Ave, Tillamook, OR 97141 - DSC_7047-HDR218 Pacific Ave, Tillamook, OR 97141 - DSC_7051-HDR218 Pacific Ave, Tillamook, OR 97141 - DSC_7055218 Pacific Ave, Tillamook, OR 97141 - DSC_7056-HDR218 Pacific Ave, Tillamook, OR 97141 - DSC_7060-HDR218 Pacific Ave, Tillamook, OR 97141 - DSC_7063-HDR218 Pacific Ave, Tillamook, OR 97141 - DSC_7067218 Pacific Ave, Tillamook, OR 97141 - DSC_7068-HDR218 Pacific Ave, Tillamook, OR 97141 - DSC_7073218 Pacific Ave, Tillamook, OR 97141 - DSC_7074-HDR218 Pacific Ave, Tillamook, OR 97141 - DSC_7077218 Pacific Ave, Tillamook, OR 97141 - DSC_7078218 Pacific Ave, Tillamook, OR 97141 - DSC_7080-HDR218 Pacific Ave, Tillamook, OR 97141 - DSC_7081218 Pacific Ave, Tillamook, OR 97141 - DSC_7082218 Pacific Ave, Tillamook, OR 97141 - DSC_7083218 Pacific Ave, Tillamook, OR 97141 - DSC_7084218 Pacific Ave, Tillamook, OR 97141 - DSC_7087-HDR218 Pacific Ave, Tillamook, OR 97141 - DSC_7088218 Pacific Ave, Tillamook, OR 97141 - DSC_7091-HDR218 Pacific Ave, Tillamook, OR 97141 - DSC_7094-HDR218 Pacific Ave, Tillamook, OR 97141 - DSC_7095218 Pacific Ave, Tillamook, OR 97141 - DSC_7096218 Pacific Ave, Tillamook, OR 97141 - DSC_7099218 Pacific Ave, Tillamook, OR 97141 - DSC_7100218 Pacific Ave, Tillamook, OR 97141 - DSC_7101218 Pacific Ave, Tillamook, OR 97141 - DSC_7102218 Pacific Ave, Tillamook, OR 97141 - DSC_7103218 Pacific Ave, Tillamook, OR 97141 - DSC_7105218 Pacific Ave, Tillamook, OR 97141 - DSC_7108-HDR218 Pacific Ave, Tillamook, OR 97141 - DSC_7109218 Pacific Ave, Tillamook, OR 97141 - DSC_7110218 Pacific Ave, Tillamook, OR 97141 - DSC_7111218 Pacific Ave, Tillamook, OR 97141 - DSC_7112218 Pacific Ave, Tillamook, OR 97141 - DSC_7115218 Pacific Ave, Tillamook, OR 97141 - DSC_7116218 Pacific Ave, Tillamook, OR 97141 - DSC_7118218 Pacific Ave, Tillamook, OR 97141 - DSC_7120-HDR218 Pacific Ave, Tillamook, OR 97141 - DSC_7123218 Pacific Ave, Tillamook, OR 97141 - DSC_7125218 Pacific Ave, Tillamook, OR 97141 - DSC_7126218 Pacific Ave, Tillamook, OR 97141 - DSC_7128218 Pacific Ave, Tillamook, OR 97141 - DSC_7131-HDR218 Pacific Ave, Tillamook, OR 97141 - DSC_7132-HDR
  • Status Pending - Continue to Show 
  • City Tillamook 
  • County Tillamook 
  • State Oregon 
  • Major Area Tillamook 
  • Subdivision Out of Area 
  • Parcel Number 1S0930BC-4300- 
  • U.S. Highway 101 East Side 
  • Business Description Bar/Tavern/Lounge, Commercial, Food & Beverage, Grocery, Mixed, Professional Service, Professional/Office, Real Estate, Rental, Residential, Restaurant, Retail 
  • Property Type Commercial 
  • Bedrooms 43 
  • Bathrooms 53 
  • Ceiling Flat 
  • Flooring Carpet, Vinyl 
  • Alternate Heat None 
  • Water Heater Electric 
  • Garage Type None 
  • Street Surface Paved 
  • Roof Tar/Gravel 
  • Siding Brick 
  • Foundation Brick/Mortar, Concrete Perimeter, Slab 
  • Outbuildings None 
  • Total Square Feet 45,088 
  • Year Built 1912 
  • Lot Acres 0.37 
  • Frontage Highway 
  • Zoning OTHER - See Remarks 
  • General Info Basement 
  • Water City 
  • Sewer City Property 
  • Electric On Property 
  • Gas On Property 
  • Bank/Lender Owned No 
  • Seller's Terms 1031, Cash, Conventional Financing 
  • Price $3,975,000 
  • Tax Year 2021 
  • MLS Number 21-1585 
  • Phone Number (541) 961-6688 
  • Directions Highway 101 North to Tillamook. On the corner of Highway 101 and 3rd St. 
  • Cross Street 3rd Street 

Taylor & Taylor Realty Company is the listing office. Call Doretta Smith at (541) 961-6688 to see this property or obtain more information.