598 Point Brown AveOcean Shores, WA 98569

Property Details for 598 Point Brown Ave

Year built

1997

Construction

STEEL FRAME

Lot size

0.80 AC

Property size (Sq ft)

288 SF

Property type

Retail properties

Property subtype

Retail space

APN

90500000100

APU

90500000100

Description

This exceptional 0.8-acre commercial land parcel, located at 598 Point Brown Ave. E. in Ocean Shores, WA 98569, presents a unique investment opportunity. Zoned B1 (Retail Commercial), this flat lot offers 2,016 square feet and boasts direct canal access complete with a dock. Its prime location places it in close proximity to Ocean Shores' retail hub, making it ideal for a variety of commercial ventures, including restaurants, fast-food establishments, or other retail facilities. Ocean Shores enjoys a vibrant tourism industry, renowned for its expansive Pacific beach, navigable waterways, and proximity to Ocean City State Park, a haven for birdwatchers. The city's popularity as a summer destination and a winter storm-watching spot, coupled with its proximity to Westport and its fishing harbor, ensures a consistent flow of visitors. This property offers significant potential for developers and investors seeking a high-visibility location within a thriving coastal community. The property is priced at $595,000.

• CAP approach

  CAP return

  Valuation

  6%

  $114,562

  6.5%

  $105,750

  7%

  $98,196

• Comparable approach

  Method

  Valuation

  Relative Method

  $194,623

  Geo Method

  $139,767

• Alternative Use

  Use

  Valuation

  Residential

  $89,204

  Hospitality

  $81,710

  Educational

  $67,982

  Medical

  $70,320

  Retail

  $105,750

Location Insight

City

Ocean Shores

County

Grays Harbor

State

Washington

Latitude

47.0022

Longitude

-124.16

CBSA code

10140

CBSA name

ABERDEEN, WA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].