Salmonberry Square

810 Broadway Street, Seaside, OR 97138

  • For Sale $1,200,000
  • Property Type Retail - Street Retail
  • Property Size 11,238 SF
  • Lot Size 0.16 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Multi-Tenant
  • Year Built 1967
  • Year Renovated 2006
  • Date Updated Sep 18, 2024
Prime Location in Downtown SeasideSalmonberry Square, located at 810 Broadway Street in the heart of Seaside, Oregon, offers an exceptional investment opportunity for a partial owner-user in a prime coastal location! This beautifully renovated 11,238 SF building combines historic charm with modern amenities. With a net rentable area of 8,450 SF, the property features a mix of occupied and vacant spaces, providing immediate income potential with room for additional leasing opportunities. The building includes a 1,440 SF atrium, not included in the NRA, which is ideal for tenant use or events. The vacant retail/office space provides an ideal situation for a user with storefront access while maintaining a private upstairs office space, or expand into the atrium space as a showcase or for events! Notable upgrades include a new roof in 2022, as well as recent furnace and interior renovations in 2023. The property generates a potential gross revenue of $130,477 annually based on current and asking rents. Listed for $1,200,000, Salmonberry Square is a rare find in Seaside's vibrant downtown market, positioned to benefit from both local and tourist-driven traffic!

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Highlights

  • Prime Downtown Location: Situated in the heart of Seaside, Oregon, this property is positioned along the main corridor, making it highly accessible and visible.
  • Historic Charm with Modern Renovations: Originally built in 1965, the building underwent significant renovations in 2006, including a new roof in 2022 and new furnace and interior updates in 2023.
  • Investment Opportunity: Salmonberry Square is ideal for both investors and partial owner-users, with a mix of occupied and vacant spaces, offering a solid tenant base while also leaving room for additional leasing potential.
  • Flexible Space: The property features a total of 11,238 SF with a net rentable area (NRA) of 8,450 SF. The ground floor atrium (1,440 SF) adds value for events or tenant use, though it is not included in the NRA.
  • Financial Highlights: The property generates potential gross revenue of $130,477 annually, with a proforma cap rate of 7.08%. The current tenants include Capricorn Pub, Seaside Massage, and Salon on Broadway, with vacant spaces available for further rental income.
  • Flow & Common Areas: With three staircases, a common mail area, alleyway access, and a shared single-user restroom on each floor (and one each storefront space) the property provides excellent tenant flow and access.
  • Sale Price: The property is listed for $1,200,000 $142/SF NRA or $107/SF GBA!

Contacts

broker

Rae Nomura, MAI, CCIM

SVN | Imbrie Realty

Location

Getting Around

  • Walk Score ®

    88/100 Very Walkable

  • Bike Score ®

    85/100 Very Bikeable
Powered by Walk Score ®
  • City Seaside, OR
  • Zip Code 97138

Points of Interest

  • Shell

    0.34 miles

  • Chevron

    0.52 miles

  • Gorilla Gas

    0.84 miles

  • ChargePoint

    1.04 miles

  • CFN

    1.21 miles

  • Pacific Pride

    3.60 miles

  • Shilo Inns Parking

    0.35 miles

  • Ecola State Park North Trailhead

    2.05 miles

  • Hawkins Road

    6.40 miles

  • Haystack Rock Public Parking

    7.42 miles

  • Youngs River Falls

    8.23 miles

  • Nonni's Italian Bistro

    0.02 miles

  • Firehouse Grill

    0.02 miles

  • Las Olas

    0.04 miles

  • Tom’s Fish & Chips

    0.05 miles

  • Yellow Curry

    0.07 miles

  • Tora Sushi

    0.07 miles

  • A&B Pizza

    0.08 miles

  • The Stand

    0.10 miles

  • McDonald's

    0.10 miles

  • Angelina's Pizzeria

    0.13 miles

  • Seaside Health Foods

    0.15 miles

  • Safeway

    0.19 miles

  • Carousel Mall

    0.22 miles

  • Heritage Sqaure Mall

    0.27 miles

  • Grocery Outlet

    0.56 miles

  • Mariner Market

    6.90 miles

  • Fresh Foods

    8.58 miles

Frequently Asked Questions

How much does Salmonberry Square cost?

The space currently listed for sale at Salmonberry Square asks for $1,200,000.

What is the total square footage of Salmonberry Square?

Salmonberry Square totals 11,238 square feet.

When was this property built?

Salmonberry Square was built in 1967.

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Contact Listing Broker

broker

Rae Nomura, MAI, CCIM

SVN | Imbrie Realty