×

Absolute Auction - Land

1.84 AC Oregon Coast Highway Parcel - 15K VPD

Adjacent to 1387 SE 9th Street, Warrenton, OR 97146

Under Contract
This asset was part of the September 23rd 2021 sale event and is currently under contract.

Ready to sell your asset on the platform with the highest trade rate in the industry?
Get Started Today!
  • Asset Type
  • Real Estate
  • Property Type
  • Land
  • Land Area
  • 1.84 Acres

1.84 AC Oregon Coast Highway Parcel - 15K VPD

Investment Highlights

  • ±1.84 AC land parcel shadow anchored by Fred Meyer Grocer within regional retail corridor
  • Direct frontage and visibility to Oregon Coast Hwy with ±14,900 VPD and near intersection of Marlin Ave (±5K VPD)
  • Neighboring retail include Starbucks, Rite Aid, Walgreens, Ross, Joann, Dairy Queen, Kia, and ±1-mile from Home Depot, Walmart, and Costco
  • Zoned C1, Flexible general commercial permitting retail, office, medical, dispensaries, among others
  • Compelling real estate fundamentals with a 2021 population of ±18,085 and AHHI of ±$76,645 (5 miles); 5% growth 2021-2026
 

Offering Details

CBRE and RealINSIGHT Marketplace are pleased to present ±1.84 acres adjacent to 1387 SE 9th Street (the “Property”) in Warrenton, Oregon. This Property offers premier highway frontage and visibility from Oregon Coast Highway and presents developers significant upside via strategic development in a strong and growing market.

The tracts consist of 1.84 acres across four parcels with ±570’ of frontage on Oregon Coast Hwy with ±14,900 VPD and near intersection of Marlin Ave (±5K VPD). The Property benefits from immediate traffic drawn by Fred Meyer, Starbucks, Rite Aid, Walgreens, Ross, Joann, Dairy Queen, and Kia. Warrenton is the commercial hub for the region and the Property is positioned within ±1-mile of numerous national retail tenants including Home Depot, Walmart, Dollar Tree, Petco, Staples, O’Reilly Auto Parts, AutoZone, Panda Express, and Costco, and numerous others. The Property is zoned C1, General Commercial, with permitted uses including retail, office, medical, and numerous others. 

Warrenton is a coastal city in Clatsop County, on the northwestern tip of Oregon. The city is bordered by the Pacific Ocean on the west and the Columbia River on the north, approximately 8 miles south of the Washington border. Warrenton is the fastest growing city on the Oregon Coast with 10.19% growth from 2010 to 2021 and projected growth of 5.02% from 2021 to 2026.  The Property benefits from compelling demographics and the 5-mile trade area is supported by 18,085 residents boasting an impressive average household income of $76,645.

Disclaimer: The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions.

Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property.

You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.

Under Contract
This asset was part of the September 23rd 2021 sale event and is currently under contract.

Ready to sell your asset on the platform with the highest trade rate in the industry?
Get Started Today!

Need Help?

Have questions about Marketplace? You can reach us at 800.915.7015 or info@rimarketplace.com.

Auctioneer

  • Tim Stuart

    c/o Fisher Auction Company, Inc.

    License: PB#990200191