Recently Listed New Construction 1233 TEAKWOOD AVE
Coos Bay, OR, 97420 $ 7,900,000
Bedrooms-- Baths-- Sq 22,166 for $7,900,000. This 22,166 square foot property was built in 2026 on a lot size of 1.27.
We are pleased to present the opportunity to acquire an institutional-quality, investment-grade net leased asset occupied by TJ Maxx, a globally recognized off-price retailer and subsidiary of The TJX Companies, one of the world's largest apparel and home fashions retailers. Situated within Teakwood Plaza in Coos Bay, Oregon, this newly constructed 22,500-square-foot building occupies a premier location within the region's dominant big-box retail destination. Positioned alongside Planet Fitness and Tru Furniture, the property benefits from exceptional co-tenancy, strong consumer traffic, and a highly established retail trade area. Teakwood Plaza is an irreplaceable retail asset strategically located on U.S. Highway 101 with outstanding bi-directional frontage, excellent visibility, and traffic counts exceeding 27,200 vehicles per day—the highest along the Oregon Coast. The combination of limited developable commercial land, premier highway exposure, and dominant market position creates a long-term competitive advantage that is unlikely to be replicated. As the largest city on the Oregon Coast, Coos Bay serves as the commercial, governmental, healthcare, and retail hub for the surrounding region. Its deep maritime heritage and resilient economic base continue to support sustained retail demand while attracting investment throughout Oregon's South Coast. This offering presents investors with the rare opportunity to acquire a legacy asset anchored by a nationally recognized investment-grade tenant, providing durable cash flow, long-term income stability, and minimal ownership responsibilities. With no day-to-day landlord management obligations, this asset offers truly passive ownership backed by one of the nation's strongest retail operators. Opportunities to acquire institutional-quality assets of this caliber within Oregon's premier coastal retail corridor are exceptionally rare.
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FeaturesGeneralSewer PublicSewer
Heating ForcedAir HeatPump
Cooling HeatPump
Roof Rubber
Zoning I-C
Construction Materials CementSiding Concrete MetalSiding
Year Built 2026
Sale Includes Building Land Other
Property Subtype Income
Tax Year 2025
Current Use ClothingShop Other Retail
Parcel Number 6788201
Gross Income 360000.0
County Coos
Operating Expense 0
Property Type CommercialSale
HOA N
Status Active
Directions Hwy 101 to Bayshore Dr to Teakwood to Address
City CoosBay
Body of Water Coos River/Bay
MLS Area _260
Lot Size Square Feet 55321.0
Listing Terms CallListingAgent Cash Conventional
Tax Annual Amount 8760.59
Property Condition NewConstruction
Lease Type YearsRemaining10orMore NNN
Standard Status Active
Accessory Dwelling Unit Y/N N
Leasehold Rent $/Mo 30000.0
Legal Description 25S-13W-22DD 601
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ExteriorParking Features OnSite
Water Source PublicWater
Building Area Total 22166.0
Lot Size Acres 1.27
Road Surface Type Paved
Other Equipment Fixtures SecuritySystem SmokeDetector Sprinkler
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* Excluded FeaturesNearbyAbout Coos Bay, OR 16,184 Population
4% Since 2002
$ 40,185 Median Income
41.4 Median Age
22% Households with Children
Trends Information provided by ATTOM Data Solutions.
1949264 Elementary School
1949174 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 6/30/2026 | $7,900,000 | | Listed Price |