172 N Hemlock Street, Cannon Beach, OR 97110 (MLS# 26-1444)

172 N Hemlock Street, Cannon Beach, OR 97110

New Listing

$5,150,000

Property Type: Commercial Sale Baths: 3 Square Footage: 20,765 Lot Size (sq. ft.): 27,443 Status: Active

Current Price: $5,150,000 List Date: 5/27/2026 Last Modified: 5/27/2026

Overview

Description

Positioned in the heart of downtown Cannon Beach, Sandpiper Square is a rare mixed-use investment opportunity located in one of the Oregon Coast's most desirable destination markets. The property features 11 retail suites & 3 residential apartments across approximately 20,765 SF, creating a diversified income stream in a high-traffic coastal setting. Situated along Cannon Beach's main commercial corridor near shopping galleries, restaurants, and the beach, Sandpipe Square benefits from strong tourism.

Listing Details MLS# 26-1444

Listing Information

Listing Association Name: Tillamook County BOR
Property Sub Type: Retail

Status Change Information

Status Change Timestamp: 2026-05-27

Address

Street Number: 172
Street Direction Prefix: N
Street Name: Hemlock
Street Suffix: Street
County: Clatsop
State: OR
Postal Code: 97110
Directions: Spruce St then left on 2nd St, left on Hemlock
Cross Street: 2nd St
Parcel Number: 5303
Within City Limits?: Yes

Contract

Begin Date: 2026-05-27
Listing Agreement: Exclusive Right To Sell
Listing Service: Full Service

Tax Legal

Tax Annual Amount: 47928.32
Tax Year: 2025
Zoning: C-1 Retail Commercial
Tax Lot: 51019
Tax Map Number: 51019DD0

Interior

Above Grade Finished Area: 20765
Below Grade Finished Area: 27443
Living Area: 20765
Bathrooms Total: 3

More Information

Parking Information

Parking Total: 43

Building

Year Built: 1971
Year Built Source: Assessor
Stories Total: Yes
Accessibility Features YN: Yes

Lot

Lot Size Acres: 0.63
Lot Size Square Feet: 27442.8
Water Body Access YN: Yes
Accessory Dwelling Unit YN: No

Building and Property Details

Annual Lease Rate Per Square Foot: 25.51

Income and Expenses

Electric Expense: 6867
Gross Scheduled Income: 529752
Insurance Expense: 16800
Maintenance Expense: 17719
Manager Expense: 21190
Other Expense: 3528
Trash Expense: 15538

Additional Tax and Location Information

Highway 101: West Side
Property Tax ID #: 5303

Tax & Legal

CC&R's: No

Currently Not Used

Association YN: No

Utilities

Cable Available: Yes
Electricity Connected: Yes
Sewer Connected: Yes
Water Connected: Yes

Accessibility Features

Accessible Approach with Ramp: Yes
Accessible Doors: Yes

Construction Materials

Board & Batten Siding: Yes
Wood Siding: Yes

Cooling

Electric: Yes
Central Air: Yes
Ductless: Yes

Foundation Details

Slab: Yes

Heating

Electric: Yes
Wood: Yes
Zoned: Yes

Levels

One: Yes

Listing Terms

Assumable: Yes
Cash: Yes
Conventional: Yes

Lot Features

Level: Yes

Parking Features

Additional Parking: Yes
Off Street: Yes
On Street: Yes
Paved: Yes

Possession

Close Of Escrow: Yes

Road Frontage Type

City Street: Yes

Road Responsibility

Public Maintained Road: Yes

Road Surface Type

Asphalt: Yes
Concrete: Yes

Roof

Composition: Yes
Shake: Yes
Wood: Yes

Sewer

Public Sewer: Yes

Showing Considerations

Occupied: Yes

Special Listing Conditions

Standard: Yes

Water Body Type

Ocean: Yes

Water Source

Public: Yes

Owner Pays

All Utilities: Yes
Common Area Maintenance: Yes
Electricity: Yes
Exterior Maintenance: Yes
Taxes: Yes
Trash Collection: Yes

Tenant Pays

Cable TV: Yes

Business Type

Arts and Entertainment: Yes
Convenience Store: Yes
Medical: Yes
Residential: Yes
Retail: Yes

Location of Property

City: Yes
Shopping Center: Yes

Sale Includes

Building: Yes

Showing Requirements

24 Hour Notice: Yes
Appointment Only: Yes
Call Listing Agent: Yes

Property Features

Utilities: Cable Available; Electricity Connected; Sewer Connected; Water Connected; Cable Available; Electricity Connected; Sewer Connected; Water Connected Accessibility Features: Accessible Approach with Ramp; Accessible Doors Business Type: Arts and Entertainment; Convenience Store; Medical; Residential; Retail Construction Materials: Board & Batten Siding; Wood Siding Cooling: Electric; Central Air; Ductless Foundation Details: Slab Heating: Electric; Wood; Zoned Levels: One Listing Terms: Assumable; Cash; Conventional Location of Property: Shopping Center Lot Features: Level Owner Pays: All Utilities; Common Area Maintenance; Electricity; Exterior Maintenance; Taxes; Trash Collection Parking Features: Additional Parking; Off Street; On Street; Paved Possession: Close Of Escrow Road Frontage Type: City Street Road Responsibility: Public Maintained Road Road Surface Type: Asphalt; Concrete Roof: Composition; Shake; Wood Sale Includes: Building Sewer: Public Sewer Special Listing Conditions: Standard Tenant Pays: Cable TV Water Body Type: Ocean Water Source: Public Showing Considerations: Occupied Showing Requirements: 24 Hour Notice; Appointment Only; Call Listing Agent

Listing Office: Outside of MLS

Office Email: lynlei@ocmls.net

Last Updated: May - 27 - 2026

Information deemed reliable but not guaranteed.