263 Exchange StAstoria, OR 97103

Property Details for 263 Exchange St

Year built

1965

Lot size

0.78 AC

Property type

Healthcare properties

Property subtype

Assisted living facilities

APN

80907CD09900

APU

80907CD09900

Description

This exceptional commercial property at 263 W Exchange St, Astoria, Oregon presents a compelling investment opportunity. Boasting 15,994 square feet on a 1.2-acre lot, this building offers significant potential for income generation. The property's current configuration provides a strong 10.4% capitalization rate, making it an attractive prospect for savvy investors seeking a high return on investment. West-facing rooms showcase breathtaking panoramic views of the Columbia River, the city of Astoria, and the iconic Astoria-Megler Bridge. The interior is described as clean and updated, minimizing immediate capital expenditure needs. The property's substantial size and prime location in Astoria, Oregon, offer versatility for a range of commercial uses. The 1.2-acre lot provides ample space for potential expansion or future development, adding further value to this already impressive asset. This is a rare opportunity to acquire a well-maintained, high-performing commercial property in a desirable location with exceptional views. Serious inquiries are encouraged to explore the full potential of this remarkable investment. The asking price is $3,450,000.

Location Insight

City

Astoria

County

Clatsop

State

Oregon

Latitude

46.1872

Longitude

-123.848

CBSA code

11820

CBSA name

ASTORIA, OR MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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