3.4 Acres of Improved Commercial Land for Sale in Coos Bay, Oregon
2699 N 17th St, Coos Bay, OR 97420
HUGE PRICE REDUCTION!!! $1,800,000 price adjustment on this multi-tenant net leased investment!!! Medical Campus is occupied by an established orthopedic surgery and physical therapy center and ENT, with a new 5 year lease base term generating high returns and passive income. The subject property comprises 4 buildings totaling 29,011 SQFT and is positioned on a 2.01 acre lot adjacent to similar facilities in the medical district. Sale also includes 30X40 shop for maintenance and storage. NNN long term leases generating $606,651 Annual net income 7.1% Cap Rate at full price. Owners are selling real estate and retaining the businesses. Seeking quality landlord to collect $50,000 per month for the next 5 years with zero day to day responsibilities. Tenants pay all utilities, interior maintenance, property taxes, and insurance.
Directions
thompson RD to 17th
Property details
- County
- Coos County
- Zoning
- MP
- Elevation
- 108 feet
- MLS Number
- RMLS 22528870
- Date Listed
Legal description
25-13-22CA TL 03500, TL 03800, TL 03600, TL 03700
Parcels
- 6530000
Property taxes
- Year not provided
- $58,833
Detailed attributes
Listing
- Type
- Commercial
Structure
- Roof
- Composition Shingle
- Cooling
- Heat Pumps
- Heating
- Heat Pump
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Feb 23, 2024 | Listing removed | $8,500,000 | — | — |
| Jan 24, 2024 | New listing | $8,500,000 | — | RMLS |
| Nov 15, 2023 | Listing removed | $8,500,000 | — | — |
| Aug 2, 2023 | Price decrease | $8,500,000 | $1,800,000 -17.5% | RMLS |
| Feb 20, 2023 | New listing | $10,300,000 | — | RMLS |