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172 N Hemlock St, Cannon Beach, OR 97110

$5,150,000

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Property 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 and 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, Sandpiper Square benefits from strong tourism demand, limited inventory, and long-term appreciation potential. Additional upside through lease-up of vacant residential units, future rent growth, or potential owner-occupy opportunity.

172 N Hemlock St | MLS# 383414485

This commercial property located at 172 N Hemlock St, Cannon Beach, OR 97110 is currently listed for sale with an asking price of $5,150,000. Search Cannon Beach real estate on tinaroberts.bendpremierrealestate.com today.

Property Features

Property Type: Commercial - Business
Cooling: Central Air
Fuel Type: Electricity
Heating: Ductless, Mini Split, Zoned
Lot Size: 0.63 Acres
Roof Type: Composition
Taxes: $47,928
Year Built: 1971
Square Feet: 20,765

Feature Descriptions

Days on Site: 4
Gross Income: $529752.00 (Actual)
Operating Expenses: $173286.00 (Actual)
Present Use: Other, Retail
Sewer: Public Sewer
Water: Public Water

Listed By / Shown By

Listed By

Agency Name: Town & Country Sotheby's International Realty
Agency Phone: 541-757-1781

Shown By

Agent Name: Tina Roberts Broker
Agent Phone: (541) 419-9022
Agency Title: Bend Premier Real Estate

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 06/01/2026. The listing information on this page last changed on 06/01/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Mon 06/01/2026 12:04:54 PM EST) or RMLS (last updated Mon 06/01/2026 11:58:57 AM EST) or COAR/MLSCO (last updated Mon 06/01/2026 12:02:02 PM EST). Real estate listings held by brokerage firms other than Bend Premier Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by other brokerage firms are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2026 RMLS, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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