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
172 S Old Pacific, Myrtle Creek, OR 97457
172 S Old Pacific, Myrtle Creek, OR 97457
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Jennifer Seidelman

Jennifer Seidelman

+1(925) 864-2888
Listed by Stellar Realty Northwest
$ 525,000
Est. payment | /mo

336 SqFt

Save
$ 525,000
Est. payment | /mo
Save

336 SqFt

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 Locations

Jennifer Seidelman
Jennifer Seidelman

OR Principal Broker #200602051 & CA Real Estate Broker #01319529

+1(925) 864-2888 | jennifer@jenniferseidelman.com

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172 S Old Pacific