3rd St

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3rd St

Arch Cape, OR 97102
Asking Price
$950K
Asset Type
Land
Class
Class B

What's Special

Located on 3rd Street in the coastal community of Arch Cape, Oregon, this land parcel is situated within a quiet residential and recreational landscape. The property is positioned between the Pacific Ocean and the rolling hills of the Oregon Coast Range, offering proximity to Hug Point State Recreation Site and Oswald West State Park. Access to the site is provided via Highway 101, which serves as the primary north-south arterial connecting Arch Cape to the neighboring commercial hubs of Cannon Beach and Manzanita. The site is suited for low-impact development or private recreational use, consistent with the area’s tranquil character. Ideal use cases include the construction of a custom coastal retreat or a boutique residential project, subject to local zoning and environmental regulations. Potential buyers typically include private developers or individual investors seeking to establish a presence in a high-demand coastal market known for limited inventory and natural preservation.

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NOI
$80,000
Cap Rate
8.42%
DSCR
1.42
Strong
Cash-on-Cash
8.28%
Monthly Payment
$4,700.082
Annual Cash Flow
$23,599.02

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