Contacts
Rae Nomura, MAI, CCIM
SVN | Imbrie Realty
Property Details
- Property Type Retail - Street Retail
- Property Size 11,238 SF
- Lot Size 0.16 Acre
- Additional Rent Contact for pricing
- Property Tenancy Multi-Tenant
- Year Built 1967
- Year Renovated 2006
- Date Updated Sep 18, 2024
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Highlights
- Prime Downtown Location: Situated in the heart of Seaside, Oregon, this property is positioned along the main corridor, making it highly accessible and visible.
- Historic Charm with Modern Renovations: Originally built in 1965, the building underwent significant renovations in 2006, including a new roof in 2022 and new furnace and interior updates in 2023.
- Investment Opportunity: Salmonberry Square is ideal for both investors and partial owner-users, with a mix of occupied and vacant spaces, offering a solid tenant base while also leaving room for additional leasing potential.
- Flexible Space: The property features a total of 11,238 SF with a net rentable area (NRA) of 8,450 SF. The ground floor atrium (1,440 SF) adds value for events or tenant use, though it is not included in the NRA.
- Financial Highlights: The property generates potential gross revenue of $130,477 annually, with a proforma cap rate of 7.08%. The current tenants include Capricorn Pub, Seaside Massage, and Salon on Broadway, with vacant spaces available for further rental income.
- Flow & Common Areas: With three staircases, a common mail area, alleyway access, and a shared single-user restroom on each floor (and one each storefront space) the property provides excellent tenant flow and access.
- Sale Price: The property is listed for $1,200,000 $142/SF NRA or $107/SF GBA!
Getting around
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Walk Score ®
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Bike Score ®
Location
- City Seaside, OR
- Zip Code 97138
Points of Interest
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Shell
0.34 miles
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Tesla Supercharger
0.59 miles
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Gorilla Gas
0.84 miles
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Trucke's 1-Stop
0.88 miles
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CFN
1.21 miles
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Pacific Pride
3.60 miles
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WCEH Cannon Beach
7.38 miles
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Promenade Inn & Suites Oceanfront'ss Parking
0.35 miles
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Ecola State Park North Trailhead
2.05 miles
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Hawkins Road
6.40 miles
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Haystack Rock Public Parking
7.42 miles
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Nonni's Italian Bistro
0.02 miles
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Firehouse Grill
0.02 miles
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Las Olas
0.04 miles
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Tom’s Fish & Chips
0.05 miles
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Yellow Curry
0.07 miles
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Tora Sushi
0.07 miles
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A&B Pizza
0.08 miles
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The Stand
0.10 miles
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McDonald's
0.10 miles
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Domino's
0.13 miles
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Seaside Health Foods
0.15 miles
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Safeway
0.19 miles
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Carousel Mall
0.22 miles
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Heritage Sqaure Mall
0.27 miles
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Grocery Outlet
0.56 miles
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Mariner Market
6.90 miles
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Fresh Foods
8.58 miles
In-Depth Research Available for this Property
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
Contact Listing Broker
Rae Nomura, MAI, CCIM
SVN | Imbrie Realty