Absolute $1 Auction, Oregon Coast

Land Description

Absolute $1 Auction - 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.

Auctioneer:

Tim Stuart

c/o Fisher Auction Company, Inc.