E Shingle Mill Ln

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E Shingle Mill Ln

Arch Cape, OR 97102
Asking Price
$2.55M
Asset Type
Land
Class
Class B

What's Special

Located along E Shingle Mill Lane in the coastal community of Arch Cape, Oregon, this undeveloped land parcel sits east of Highway 101. The neighborhood is characterized by a mix of residential properties and dense coastal forest, offering a quiet, secluded atmosphere. Situated between Cannon Beach and Manzanita, the property provides proximity to Oswald West State Park and the Pacific Ocean. Access is primarily facilitated via Highway 101, which serves as the main vehicular corridor connecting the North Oregon Coast to regional hubs like Astoria and Tillamook. The property is suited for low-impact development or private utility infrastructure consistent with rural coastal zoning. Ideal use cases include private conservation, small-scale storage for local residents, or residential development pending local permitting and geological assessments. Potential tenants or owners typically include long-term investors, local residents seeking additional acreage, or entities interested in preserving the natural coastal landscape. The terrain and secluded positioning cater to those prioritizing privacy and proximity to regional recreational landmarks.

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NOI
$80,000
Cap Rate
3.14%
DSCR
0.53
Underwater
Cash-on-Cash
-9.33%
Monthly Payment
$12,616.009
Annual Cash Flow
$-71,392.104

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