385 NE Alsea Highway, Waldport, OR 97394 | MLS #26-187 | Berkshire Hathaway HomeServices Northwest Real Estate

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Listing provided courtesy of Taylor & Taylor Realty Company- MLS# 26-187MLS ProviderSource MLS Verified

385 NE Alsea HighwayWaldport, OR 97394

Commercial · 6,902 Sq. ft. | 0.51 Acres
$1,400,000 Active

385 NE Alsea Highway Overview

Time on Site:
150 days
Visits:
6

Commercial investment opportunity in Waldport featuring a mini strip mall with seven total units, including a ground lease. The property offers 6,902 square feet of single level commercial space situated on over half an acre of land. A new roof was installed in 2024. The property is 100 % occupied. With approximately 300 feet of frontage along the Alsea Highway, the site benefits from strong visibility in a high traffic corridor. Originally developed and owned by the original owner, the property has been well maintained and thoughtfully positioned. All units are single level, offering easy access for tenants and customers alike. The center is centrally located and close to the amenities of Waldport, making it a convenient destination for both local traffic and pass through visitors. This is a strong opportunity for investors seeking a fully leased, high visibility commercial asset with solid income and long term upside in a coastal market.

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385 NE Alsea Highway Facts & Features

  • Type Commercial
  • Sq. ft. 6,902
  • Price/Sq.ft. $203
  • Lot 0.51 Acres

Details

General

Association/HOA

  • Association: false

Income/Expenses

  • Electric Expense: 750.0
  • Existing Lease Type: Gross
  • Gross Income: 73989.24
  • Insurance Expense: 2800.0
  • Maintenance Expense: 1900.0
  • Net Operating Income: 51139.24

Building Information

  • Year Built: 1998
  • Year Built Details: New roof 2024

Business Information

  • Business Type: Retail,Accounting,Administrative and Support,Advertising,Barber/Beauty,Church,Hobby,Other,Professional Service

Location/Region

  • County Or Parish: Lincoln
  • Subdivision Name: Railroad - Waldport

Rent/Lease Information

  • Land Lease: false
  • Lease Considered: false

Tax Information

  • Tax Annual Amount: 11566.65
  • Tax Year: 2025

General Information

  • Furnished: Unfurnished
  • Inclusions: Building
  • Listing Terms: 1031 Exchange,Cash,Conventional,Owner Will Carry
  • Parcel Number: 13-11-19-AA-01700-00
  • Property Sub Type: Mixed Use
  • Property Type: Commercial Sale
  • Special Listing Conditions: Standard
  • Zoning: C-1 Commercial

Interior

Parking Information

  • Garage: false

Beds/Baths

  • Bathrooms Total: 7

Building Interior

  • Above Grade Finished Area: 6902.0
  • Building Area Source: Assessor
  • Building Area Total: 6902.0

General Information

  • Flooring: Vinyl
  • Foundation Details: Slab
  • Levels: One
  • Stories Total: 1
  • Window Features: Vinyl Frames

Exterior

Parking Information

  • Parking Features: Off Street,Open
  • Parking Total: 37.0

Lot Information

  • Lot Features: Level
  • Lot Size Acres: 0.51
  • Lot Size Area: 0.51
  • Lot Size Square Feet: 22215.6
  • Lot Size Units: Acres
  • Road Surface Type: Paved
  • Water Source: Public

Waterfront/View

  • Waterfront: false

Building Exterior/Construction

  • Attached Garage: false
  • Construction Materials: Fiber Cement,Lap Siding
  • Roof: Composition

General Information

  • Carport: false
  • Fencing: None
  • Number Of Units Leased: 7
  • Road Frontage Type: Highway
  • Sewer: Public Sewer
  • Utilities: Electricity Connected,Sewer Connected,Water Connected

385 NE Alsea Highway Neighborhood

Community

97394 (Waldport) Demographics

57
Median Age
80
Population Density (per sq. mile)
29%
College Educated
$49,559
Estimated Median Income
1,846
Estimated Total Home Owners
577
Estimated Total Renters
76% / 24%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

385 NE Alsea Highway Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

385 NE Alsea Highway Market Data

Based on the last 30 days in this zip code

$581,915
Average List Price
$310
Average Price per Square Foot
12
Properties Sold
94
Average Days on Market
147
Properties for Sale
Calculations provided by Reliance Network

385 NE Alsea Highway History

Date Event Value Agent
1/30/2026Source: Tillamook MLS Added to Database
January 30, 2026