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Listed by Coastal Sotheby's International Realty
$ 680,000
Est. payment /mo
Price Dropped by $15K
91125/91127 CAPE ARAGO HWY Coos Bay, OR 97420
3,483 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Income
Listing Status Active
Purchase Type For Sale
Square Footage 3,483 sqft
Price per Sqft $195
MLS Listing ID 309823877
Year Built 1971
Annual Tax Amount $2,938
Tax Year 2025
Lot Size 5,662 Sqft
Property Sub-Type Income
Property Description
Versatile Coastal Investment with Multiple Income Streams ~Located along the highly visible Cape Arago Highway just seconds from Bastendorff Beach, this unique mixed-use property presents a rare opportunity for investors seeking strong income potential and flexibility. The 1,388 sq ft restaurant space is home to the popular and well-established Foggy's Cafe—a quaint, impeccably maintained operation with an existing occupant willing to lease from the new owner, offering immediate income stability. Above, a private-entry studio apartment (~600 sq ft) features its own balcony, with existing revenue stream ideal for long-term or short-term rental opportunities. Built in 2022, the 30x50 shop sits at the rear of the property on a slab, and is divided into two functional sections, each with its own roll-up door, half bath and entry door—perfect for owner use, rental income, or business expansion. With excellent visibility, proximity to one of the area's most desirable coastal destinations, and three distinct income-producing components, this property delivers both immediate cash flow and long-term upside. Lease the restaurant, rent the apartment, and capitalize on the shop—an investment opportunity with exceptional versatility.
Location
State OR
County Coos
Area _260
Zoning C-1
Interior
Heating Zoned
Exterior
Roof Type Composition,Flat,Metal
Garage No
Building
Story 2
Sewer Public Sewer
Water Public Water
Level or Stories 2
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
