Listing provided courtesy of Hybrid Real Estate- MLS# 525250622MLS Provider

478 HIGHWAY 101Florence, OR 97439

Commercial · 7,313 Sq. ft. | 0.13 Acres
$600,000 Active

478 HIGHWAY 101 Overview

Time on Site:
127 days
Visits:
45

Strategically situated in a high-traffic area along??Highway 101 in the heart of Florence, this building benefits from outstanding exposure, easy accessibility, and proximity to established businesses, and residential neighborhoods. The location supports both steady foot traffic and convenient vehicular access, making it ideal for a wide range of commercial uses. Inside, the building features a functional and adaptable interior that can accommodate virtually any commercial vision. The open design allows for seamless customization, whether for professional offices, retail operations, restaurant, medical or wellness services, or mixed-use concepts The first floor offers 3637 sq feet of retail??space, an accessible??bathroom, office and breakroom space the possibilities are endless. Upstairs is a blank canvas with space for up to four apartments, additional offices or a combination. With exterior access to the second floor and wiring and??plumbing stubbed in, there is no limit on what it can be used for! Current upgrades to the property include a newer membrane roof, full gutting and clean up of the upper level, extensive electrical panel upgrades, security system, and more! From an investment perspective, this property represents a compelling rate-of-return opportunity. Designed to support stable occupancy and long-term value growth, the building offers a layout conducive to attracting quality tenants across multiple industries. The income potential is enhanced by flexible configurations, allowing owners to optimize leasing strategies or adapt spaces to evolving market demands. Investors will recognize the advantage of acquiring a well-positioned asset with both immediate revenue possibilities and future appreciation prospects. This can also be bought as a package deal with neighboring 470 Hwy 101! Opportunities like this are increasingly difficult to find ' a commercial property that checks the boxes for location, income performance and expandability.

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478 HIGHWAY 101 Facts & Features

  • Type Commercial
  • Sq. ft. 7,313
  • Price/Sq.ft. $82
  • Lot 0.13 Acres

Details

General

Income/Expenses

  • Existing Lease Type: Month To Month
  • Gross Income: 54000.0
  • Operating Expense: 3325.0

Building Information

  • Year Built: 1954

Business Information

  • Current Use: Retail

Location/Region

  • Country: US
  • County Or Parish: Lane
  • MLS Area Major: 228 - Lane Co: Florence Town

Rent/Lease Information

  • Lease Amount: 4500.0

Tax Information

  • Tax Annual Amount: 3325.0
  • Tax Year: 2025

General Information

  • Inclusions: Building,Land
  • Listing Terms: Cash,Conventional,Other
  • Parcel Number: 0801322
  • Property Condition: Existing
  • Property Sub Type: Commercial
  • Property Type: Commercial Sale
  • Zoning: MSA

Interior

Building Interior

  • Building Area Total: 7313.0

General Information

  • Heating: Other
  • Stories: 2

Exterior

Parking Information

  • Parking Features: On Site

Lot Information

  • Lot Size Acres: 0.13
  • Lot Size Square Feet: 5662.0
  • Road Surface Type: Paved
  • Water Source: Public Water

Building Exterior/Construction

  • Construction Materials: Brick
  • Roof: Membrane

General Information

  • Sewer: Public Sewer

478 HIGHWAY 101 Neighborhood

Community

97439 (Florence) Demographics

60
Median Age
79
Population Density (per sq. mile)
35%
College Educated
$52,194
Estimated Median Income
5,488
Estimated Total Home Owners
2,064
Estimated Total Renters
73% / 27%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

478 HIGHWAY 101 Market Data

Based on the last 30 days in this zip code

$578,122
Average List Price
$333
Average Price per Square Foot
41
Properties Sold
126
Average Days on Market
275
Properties for Sale
Calculations provided by Reliance Network

478 HIGHWAY 101 History

Date Event Value Agent
4/30/2026Source: Regional MLS Price Reduction
$600,000 -4.8%
2/23/2026Source: Regional MLS Added to Database
February 23, 2026