Florence, OR (Lane County)

DESCRIPTION: This Siuslaw River frontage redevelopment opportunity is located in Florence, along Oregon's central coast and within a 60-minute drive of Eugene. The property is located within walking distance of the historic Old Town, a popular tourist attraction with art galleries, antique stores, specialty shops, restaurants, and the development of resort condominiums and a marina for accessing the Siuslaw River and Pacific Ocean.

The properties can be acquired in their entirety, or individually, providing a rare opportunity to redevelop the former 9,583± sq. ft. restaurant building with outdoor decks, as well as the adjoining .53 acre site and 60 boat-slip marina. The fine riverfront location with proximity to two golf courses, fishing, and other cultural activities provides a strong draw. Options include the re-use of the restaurant as a brew pub, with development of the vacant land for a combination of residential and retail uses that could utilize the 60 boat-slip marina. The marina has not been operated in recent years and may need to be dredged.

This area is currently leased until April 2017 from the State of Oregon Department of State Lands, with an annual rent of $1,837.36 in 2010 (see Supplemental Information Package for details).

Auction Property #109 has 137 feet of frontage along Bay Street and the Siuslaw River. The former restaurant building has 8,047± sq. ft. on the main level and 1,536± sq. ft. on the second floor. A portion of the building is built over a sea wall and there is a deck around the perimeter of the building. The paved parking can accommodate 60± cars. An easement provided along the frontage of this property gives access to the marina if it is integrated into an overall development plan.

Auction Property #110 has 103 feet of frontage on Bay Street as well as frontage along Juniper Street.