470 Roosevelt DrSeaside, OR 97138

Property Details for 470 Roosevelt Dr

Year built

1993

Lot size

0.50 AC

Property type

Retail properties

Property subtype

Turn key restaurants

APN

61021AD16400

APU

61021AD16400

Description

This 3,178 square foot retail space, formerly a Pizza Hut, is available for sale at $900,000. Located at 470 S Roosevelt Drive in Seaside, Oregon (zip code 97138), this property boasts excellent visibility on Highway 101 and is within walking distance of downtown. The building, constructed in 1993 and extensively renovated in 2023, sits on a half-acre lot (0.5 acres) and is zoned C. The interior has been completely demoed, offering a "blank slate" for a variety of uses, including restaurants, offices, or other retail businesses. Ample parking is available. The property is ideal for an investor with a tenant or an owner-user. While a sale is preferred, serious lease inquiries are welcome. This property can be purchased individually or as part of a portfolio that includes two additional multi-family development sites in Seaside. Further details regarding potential uses are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $7,281,812

  6.5%

  $6,721,672

  7%

  $6,241,553

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,840,256

  Geo Method

  $10,569,869

• Alternative Use

  Use

  Valuation

  Residential

  $5,669,982

  Hospitality

  $5,193,674

  Educational

  $4,321,075

  Medical

  $4,469,684

  Retail

  $6,721,672

Location Insight

City

Seaside

County

Clatsop

State

Oregon

Latitude

45.9906

Longitude

-123.922

CBSA code

11820

CBSA name

ASTORIA, OR MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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