842 S EMPIRE BLVD, Coos Bay, OR 97420

Property Description

Rare waterfront investment opportunity with limitless potential. This prime bayfront estate spans 1.9 acres across three separate tax lots, all fully zoned for commercial development, offering the perfect blend of established revenue and massive development upside in an upcoming coastal market. The comprehensive commercial zoning opens the door to endless business possibilities, making it the ideal location to expand your hospitality portfolio, launch a destination waterfront restaurant, or establish a charter fishing headquarters. Brand-new city sidewalk development directly connects the property to the local community, guaranteeing high visibility and excellent foot traffic. Start collecting immediate returns on day one with the existing bayfront home, a highly successful vacation rental boasting an exceptional summer occupancy, plus ample room for RV parking on the additional lot. This maintained residence features world-class salmon fishing, crabbing, clamming, and jaw-dropping sunsets right out the back door, with panoramic views from nearly every room and a private sauna. A massive 400 sq. ft. basement stands ready to be finished into manager's quarters, a second rental, or an on-site office. Enjoy immediate peace of mind with extensive recent updates, including a new roof in 2025, plus all new siding and exterior paint in 2024. Opportunities to own nearly two acres of prime, walkable waterfront with total commercial flexibility are incredibly rare. Secure your foothold in this booming area today.