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Additional details
Listed by Stellar Realty Northwest
$ 525,000
Est. payment /mo
Price Dropped by $25K
172 S Old Pacific Myrtle Creek, OR 97457
336 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 336 sqft
Price per Sqft $1,562
MLS Listing ID 697706513
Year Built 1954
Annual Tax Amount $2,330
Tax Year 2025
Lot Size 2.520 Acres
Property Description
Prime mixed-use income property with highway frontage and multiple revenue streams on 2.52 acres! 10% cap rate on rental income alone. This Multi-Family listing highlights the residential income components: a 336 sq ft studio cabin rented at $800/month and four long-term rental spaces (tenant-owned units) at $400/month each, while additional rental income comes from the 2,404 sq ft tavern/bar. Currently operated as the established Tri City Country Club, this space offers exceptional visibility, dedicated parking, and longstanding local activity, creating a rare opportunity to own and operate a local landmark. Current owner is willing to sign a lease to remain in the commercial space or transition operations to a new owner. Most of the property is zoned C2 with a small R2 portion, offering a wide range of potential uses and income opportunities. Call your agent for additional details. With established residential income, an active commercial component, and flexible zoning that allows for a variety of permitted uses, this property offers an exceptional combination of cash flow potential and future opportunity. See Commercial MLS #714690645 for full commercial details. Owner carry available with a large down payment. Motivated seller!
Location
State OR
County Douglas
Area _258
Zoning C2 & R2
Rooms
Basement None
Interior
Heating Wall Heater
Cooling Wall Unit
Exterior
View Mountain, Territorial, Trees Woods
Roof Type Composition
Garage No
Building
Lot Description Level
Story 1
Foundation Slab
Sewer Public Sewer
Water Public Water
Level or Stories 1
Schools
Elementary Schools Myrtle Creek
Middle Schools Coffenberry
High Schools South Umpqua
Others
Acceptable Financing Cash, Other, OwnerWillCarry
Listing Terms Cash, Other, OwnerWillCarry
Amenities & Attractions