Current Listings

Sanborn Building
971 Commercial St, Astoria, OR 97103

Price: $1,100,000 - SALE PENDING Building Size: 12,130 SF Price per SF: $90.86 Property Type: Retail Property Sub-type: Street Retail Property Use Type: Investment Occupancy: 100% Commission Split: 2.25% Number of Stories: 2 Tenancy: Multiple Listing ID: 19983830 Listing Agent: Peter Tadei 503.325.3400

Description

The Sanborn Building was built in 1923 following the Great Astoria Fire. Built by renowned architect Charles T Diamond, the building has served the community for over 90 years, housing some of the city's most popular commercial enterprises. Following a fire in 2008 the building went through a $1,000,000 rebuild. Included is a fully new roof structure and roof, all new storefronts and windows, new doors and trim, all interior walls replaced, all new demising walls and restrooms, fixtures, plumbing and electrical, gas furnaces, and rebuilt 2nd floor spaces.

In addition to the 1st and 2nd floor space of 12,000 sf there is an additional 8,661 sf of basement space which is dry and usable. The Sanborn Building offers a solid and stable investment with a history of high occupancy.

Situated in the heart of Astoria's Downtown Historical District, the Sanborn Building is ideally located at a main street intersection, with ample street parking. Nearby are several restaurants, boutiques, galleries, museums, theaters, banks and office buildings. A short walk to neighborhoods filled with Victorian homes. Just a few blocks from the Columbia River, the Astoria Riverwalk & Riverfront Trolley. The Renaissance sweeping through Astoria continues with several buildings undergoing complete makeovers. The property is well positioned to capitalize on the town' s ongoing resurgence, embarrassment of treasures, and ever-growing tourism. The highly visible corner makes a very desirable location.