Current Listings

The RED Building
20 Basin Street, Astoria, OR 97103

Price: $2,800,000 Building Size: 17,982 SF Property Type: Retail Property Sub-type: Retail (Other) Additional Sub-types Types: Special Purpose (Other) Property Use Type: Investment Occupancy: 85% No. Stories: 2 Tenancy: Multiple Lot Size: 50,000 SF Listing ID: 15846378 Listing Agent: Peter Tadei 503.325.3400 Web Site: www.theredbuilding.com

Description

Retail/Restaurant/Conference Facility

Historic former cannery building situated along the shores of the Columbia River. Stunning waterfront views from nearly every space. Renovated from top to bottom, in & out. Superior craftsmanship throughout, attention to detail. A real gem among a treasure chest of history. Opened in the Fall of 2007 following a major two-year renovation. Reclaimed wood from the building used throughout - tongue and groove siding and flooring, plus huge, straight old-growth fir beams. New deck wraps entire building; newly added structural steel tubing in walls from floor to ceiling; all new under-decking including several hundred wood posts and steel pilings; new seamless metal roof, gas heat and air conditioning. A rare opportunity to own Astoria's largest conference facility with the North Coast's top restaurant, located in an unbeatable river front location.

* Sale includes "The Loft" Conference Facility, with estimated FF&E of $100,000.
** The Loft is operated by the current owners.
*** See additional Web sites below for further info

• Renovated Cannery Building with Old Growth & Reclaimed Wood Throughout
• Magnificent Up-Close Views of Passing Ships & Maritime Traffic
• Picturesque Location in the Shadow of the Famous Astoria Megler Bridge
• Adjacent to Landmark Cannery Pier Hotel
• The Loft - Astoria' s Premier Conference Facility
• Bridgewater Bistro Restaurant - The North Coast' s Finest Dining
• Situated next to Astoria' s Largest Marina
• Building Like New - Rebuilt from the Ground Up
• Occupancy Level of 90% with Solid Long Term Tenants
• Tremendous Upside Opportunity to Grow Conference Facility Income
• Highway 101 Visibility / Lighted Intersection for Easy Access
• Plentiful Parking for Major Conference Events
• Several Hotels & Restaurants all within walking distance
• Walk to nearby Historic Uniontown
• Visit the adjacent Fisherman' s Memorial Wall & Park
• Stroll Along the Astoria River Walk - only steps away
• Hop the Astoria Riverfront Trolley - just outside the front door
• Close to the Downtown Business and Shopping District
• Nearby Major Tourist Attraction Under Development
• Featured in USA Today' s Travel Section