Explore the pinnacle of downtown Coos Bay's prestige embodied by the iconic Hall Building, boasting over 40,000 square feet of unparalleled commercial space. This distinguished structure offers a remarkable five-story arrangement of leased office spaces, each exuding its unique character, complemented by an exclusive private parking lot. The timeless allure of 1920s architecture is celebrated within, showcased by an impressive grand lobby adorned with luxurious marble tile and an elegant brass elevator.Distinguished by a diverse tenant base operating on annual leases, the Hall Building ensures a consistent positive cash flow, presenting a turnkey investment opportunity that seamlessly aligns with your portfolio goals. Recent upgrades including several remodeled bathrooms, a newer natural gas boiler, and a new roof installed in 2022/2023 add value and peace of mind to this prestigious property.Convenience is paramount, as the property provides a private parking lot with 30 reserved spots alongside adjacent public parking. Offering approximately 50 leaseable office spaces, the building's expansive layout encompasses over 40,000 square feet, providing versatility to accommodate various business needs. Elevate your investment portfolio with the Hall Building - an emblem of historical charm and boasting extensive square footage. Repairs in process - get in now or price will go up as they make progress.
EXCEPTIONAL 1.55 ACRE DEVELOPMENT POTENTIAL, WITHIN CITY! This property, zoned for Industrial-Commercial use, presents a myriad of opportunities for diverse development. Whether envisioning multi-unit residential complexes, assisted living, retail (food & beverage), restaurant/bar/brewery, automotive & equipment sales, lumber yard, freight, medical facilities, and beyond?the possibilities are extensive. Strategically located near HIGHWAY 101 with substantial traffic, it is primed for nearly any visionary endeavor. Seize this investment opportunity and become a cornerstone developer in our community, contributing to the growth and well-being of our citizens.
2-story Commercial Building in the Heart of Downtown Coos Bay. Move your business or start-up to the downtown of Oregon's largest coastal city! Many possibilities with this building. Former retail, restaurant, and office space. Or explore conversion to housing and take advantage of the Multiple-Unit Property Tax Exemption Program's 10-year tax incentive. Building is also in the Urban Renewal Improvement grant zone. Check with the City of Coos Bay for grant and tax initiative details. This building has many beneficial features and improvements. Beautiful original wood floors on upper floor! Newer forced air and ductless units with A/C. Newly installed carpet in one of the large rooms. Light bulbs were recently replaced throughout the building. Fire alarm/sprinkler system passed annual 2024 inspection. Ample parking in free public lots directly behind the building plus street parking on two sides. Building is visible from Hwy 101 to capture heavy vehicle and pedestrian traffic. Located in the downtown core near the Farmer's Market, multiple annual festivals, Coos Bay Art Museum, popular brewery, & lively waterfront boardwalk used by locals & tourists. Make an appointment today and see the many possibilities this building and Coos Bay's downtown has to offer.
The median home value in Coos Bay, OR is $305,700. This is lower than the county median home value of $314,100. The national median home value is $338,100. The average price of homes sold in Coos Bay, OR is $305,700. Approximately 55.64% of Coos Bay homes are owned, compared to 37.5% rented, while 6.87% are vacant. Coos Bay real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Coos Bay real estate agent to arrange a tour today!
Coos Bay, Oregon 97420 has a population of 15,921. Coos Bay 97420 is more family-centric than the surrounding county with 23.22% of the households containing married families with children. The county average for households married with children is 22.53%.
The median household income in Coos Bay, Oregon 97420 is $48,233. The median household income for the surrounding county is $52,548 compared to the national median of $69,021. The median age of people living in Coos Bay 97420 is 41.5 years.
The average high temperature in July is 66.9 degrees, with an average low temperature in January of 37.6 degrees. The average rainfall is approximately 64.4 inches per year, with 0.2 inches of snow per year.