35815 HIGHWAY 101 Nehalem, OR $ 1,100,000
35815 HIGHWAY 101
$ 1,100,000
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35815 HIGHWAY 101

Nehalem, OR, 97131
$ 1,100,000
Bedrooms-- Baths-- Sq 3,491
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Property for Rent in Nehalem, OR

for $1,100,000. This 3,491 square foot property was built in 1978 on a lot size of 0.13.

Rare riverfront investment in the heart of Nehalem! This mixed-use gem sits right on the Nehalem River with front-row views of water and mountains from nearly every angle. The lower level is home to a thriving restaurant (*see note below) with a spacious deck for riverside dining and cozy indoor seating for those cooler coastal evenings. Big windows throughout flood the space with natural light and those gorgeous river views. Upstairs, a beautifully updated 3-bed, 2-bath apartment offers its own private deck overlooking the river, a propane fireplace, radiant heat floors in primary bathroom, a walk-in closet, laundry room, and office space… ideal for owner-occupants or rental income. Nehalem's tucked-away charm has drawn more visitors in recent years, with new restaurants and shops adding to its small-town appeal. With decks on both levels made for soaking in the scenery and just 2 miles to Manzanita Beach, this is coastal living and smart investing rolled into one, don't miss this rare chance to own a piece of it. Shown by appointment only. Please do not disturb tenants. *Sale includes building and land only; restaurant business/operations not included.

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Rental Active

Price

$ 1,100,000

Taxes

$ 4,837

Style

Commercial

Lot Size

0.13

Year Built

1978

Town/City

Nehalem

County/Region

Tillamook

MLS | Web ID

327314880

Features
General
Sewer PublicSewer
Heating Other Radiant Zoned
Cooling EvaporativeCooling
Roof Composition
Zoning NH-C
Construction Materials Cedar ShingleSiding WoodFrame
Year Built 1978
Sale Includes Building Land
Stories Count 2
Property Subtype Commercial
Tax Year 2025
Current Use Other Restaurant
Parcel Number 3132
Gross Income 58000.0
Waterfront Features RiverFront
County Tillamook
Operating Expense 9837.0
Property Type CommercialSale
HOA N
Status Active
Directions Downtown Nehalem on Hwy 101 just south of blinking light. Riverfront by parking lot.
City Nehalem
Body of Water Nehalem River
MLS Area _195
Lot Size Square Feet 5662.0
Listing Terms CallListingAgent Cash Contract Conventional
Tax Annual Amount 4837.86
Property Condition UpdatedRemodeled
Virtual Tour https://my.matterport.com/show/?m=kSn8zrCpihu
Lease Type YearsRemaining1to5
Standard Status Active
Accessory Dwelling Unit Y/N N
Leasehold Rent $/Mo 4900.0
Legal Description SUBD NAME: TOHL'S 1ST ADD BLK NO: 4 LOT NO: 6
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Exterior
Parking Features OffStreet OnStreet
Water Source PublicWater
Number of Buildings 1
Building Area Total 3491.0
Lot Size Acres 0.13
Road Surface Type Paved
Other Equipment FuelTank
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Internal Only
Street Number 1 35815
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* Excluded Features
List By
Pete Anderson Realty

Broker

Laurawalsh1717@gmail.com

Email

Nearby
1949264 Elementary School
1949174 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/11/2026$1,100,000 Listed Price

Map


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35815 HIGHWAY 101, Nehalem, OR, 97131 is a Property for Rent at $1,100,000 with 3,491 sqft and a lot size of 0.13. 35815 HIGHWAY 101 was built in 1978. The property's zip code is 97131 which is in Nehalem, OR