172 S Old Pacific, Myrtle Creek, OR 97457
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172 S Old Pacific, Myrtle Creek, OR 97457
172 S Old Pacific, Myrtle Creek, OR 97457
172 S Old Pacific, Myrtle Creek, OR 97457
172 S Old Pacific, Myrtle Creek, OR 97457
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Jared Hambrook

Jared Hambrook

+1(503) 930-2124
Listed by Stellar Realty Northwest
$ 525,000
Est. payment /mo
Save
Price Dropped by $25K

172 S Old Pacific Myrtle Creek, OR 97457

336 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 336 sqft

Price per Sqft $1,562

MLS Listing ID 697706513

Year Built 1954

Annual Tax Amount $2,330

Tax Year 2025

Lot Size 2.520 Acres

Property Description

Prime mixed-use income property with highway frontage and multiple revenue streams on 2.52 acres! 10% cap rate on rental income alone. This Multi-Family listing highlights the residential income components: a 336 sq ft studio cabin rented at $800/month and four long-term rental spaces (tenant-owned units) at $400/month each, while additional rental income comes from the 2,404 sq ft tavern/bar. Currently operated as the established Tri City Country Club, this space offers exceptional visibility, dedicated parking, and longstanding local activity, creating a rare opportunity to own and operate a local landmark. Current owner is willing to sign a lease to remain in the commercial space or transition operations to a new owner. Most of the property is zoned C2 with a small R2 portion, offering a wide range of potential uses and income opportunities. Call your agent for additional details. With established residential income, an active commercial component, and flexible zoning that allows for a variety of permitted uses, this property offers an exceptional combination of cash flow potential and future opportunity. See Commercial MLS #714690645 for full commercial details. Owner carry available with a large down payment. Motivated seller!

Location

State OR

County Douglas

Area _258

Zoning C2 & R2

Rooms

Basement None

Interior

Heating Wall Heater

Cooling Wall Unit

Exterior

View Mountain, Territorial, Trees Woods

Roof Type Composition

Garage No

Building

Lot Description Level

Story 1

Foundation Slab

Sewer Public Sewer

Water Public Water

Level or Stories 1

Schools

Elementary Schools Myrtle Creek

Middle Schools Coffenberry

High Schools South Umpqua

Others

Acceptable Financing Cash, Other, OwnerWillCarry

Listing Terms Cash, Other, OwnerWillCarry

Regional Multiple Listing Service (RMLS)

NEARBY SCHOOLS & PROPERTIES

Jared Hambrook

Jared Hambrook

Principal Broker | License ID: 201211534

+1(503) 930-2124

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172 S Old Pacific

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