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$630,000 Just Listed
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Property Description
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.
Full Property Details
Full Property Details for 478 Hwy 101
General
- Price: $630,000
- Taxes: $3,325 (2025)
- Status: Active
- Type: Retail
- Source: RWMLS
- MLS ID: 525250622
- Updated: 2/23/2026
- Added to Site: 5 day(s) ago
Parking
- Parking Features: On Site
Location
- County: Lane
- Driving Directions: Hwy 101 roughly center of Florence
Community
- Community Name: 228 - Lane Co: Florence Town
Heating & Cooling
- Heating Type: Other
- Heating Fuel: Electricity
Utilities
- Sewer: Public Sewer
- Water: Public Water
Structural Information
- Property Detached: Yes
- Construction: Brick
- Roof: Membrane
- Ceiling Height: 10
- Stories/Levels: 2
- Square Feet: 7,313
- Current Bldg. Use: Retail
- Year Built: 1954
- Property Condition: Existing
Lot Features
- Lot Size (Acres): 0.13
- Lot Size (Sq. Ft.): 5,662
- Lot Size: 5, 000 to 6, 999 SqFt
- Frontage: Paved
Financial Considerations
- Lease Price: $4,500
- Operating Expenses: $3,325
- Tax Amount: $3,325
- Tax Year: 2025
- Terms: Cash, Conventional, Other
Disclosures and Reports
- Legal Description: 18-12-27-44-11900
- Property ID: 801322
Listed by Hybrid Real Estate (541) 343-0322, Heather Tipler (541) 844-8425
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Schools
Schools serving 478 Hwy 101
School District:Siuslaw School District 97j
| Name | Grades | Distance |
|---|---|---|
Siuslaw Elementary School 2221 Oak Street, Florence, OR 97439 | K-5 | 1.1 mi |
Siuslaw Middle School 2525 Oak Street, Florence, OR 97439 | 6-8 | 1.2 mi |
Siuslaw High School 2975 Oak Street, Florence, OR 97439 | 9-12 | 1.5 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 478 Hwy 101
Date
Details
Price
Change
Source
2/21/2026
Listed
$630,000
80%
MLS
12/30/2022
Sold
$350,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 478 Hwy 101
Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,325
3%
$243,688
3%
2024
$3,229
3%
$236,591
3%
2023
$3,139
6%
$229,700
6%
2021
$2,950
-2%
$216,515
-3%
2022
$3,012
2%
$223,010
6%
2021
$2,950
6%
$210,209
—
2019
$2,794
-3%
$210,209
—
2018
$2,883
4%
$210,209
3%
2017
$2,775
11%
$204,088
11%
2016
$2,497
-6%
$183,864
-5%
2015
$2,648
-6%
$193,542
-3%
2014
$2,826
3%
$199,656
3%
2013
$2,753
—
$193,841
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 478 Hwy 101
478 Highway 101, Florence, OR 97439 (MLS# 525250622) is a Retail property. 478 Highway 101 is currently listed for $630,000 and was received on February 21, 2026. Want to learn more about 478 Highway 101? Do you have questions about finding other Retail real estate for sale in Florence? You can browse all Florence real estate or contact a Coldwell Banker agent to request more information.

