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Bandon's commercial district is a growing opportunity for real estate consumers. While residential real estate begins to sell in the under-$150,000 range, commercial real estate is really starting to hit the market. The prices that commercial properties are being listed for should be encourging for those who wish to increase income property holdings or to operate their own businesses.
Bandon's Old Town district is a section of loosely six or eight square blocks, comprising the Coquille River front and Hwy 101 frontage. The area sits just west of US Highway 101, and consists of restaurants, gift shops, galleries and service companies.
Five properties are now for sale in Old Town Bandon, several of those having thriving restaurants inside.
375 Second Street ($399,000) - Alloro Restaurant ($175,000)
Built in 1940, this building is leased to Alloro Restaurant, which is also for sale. With a restaurant downstiars and a 1 bedroom, 1 bathroom apartment upstairs, it makes for a solid owner/operator business opportunity.
490 S Hwy 101, Brewed Awakenings ($399,000)
This coffee house and deli, built in 1958, is 2000 square feet. The restaurant is an open floorplan with an outdoor seating area. 14 parking spaces. The price includes land, building, business and equipment.
120 2nd Street ($415,000)
This property, if it included all three tax lots, would be a good deal. Unfortunately, the listing looks as though only the smallest tax lot and building (40x101) is for sale. This makes it overpriced at best. Quite easily the best Old Town location for a service-oriented buisiness, this is a property to watch.
480 1st Street ($1,500,000)
This is a very large riverfront restaurant building, with three levels, each useful as a bar, restaurant or cafe. The building is approximately 5,000 square feet, and sits on just under 1/4 acre of riverfront land. At the end of 1st Street, this property is directly between the part of Old Town that caters to pedestrians, and the South Jetty Park. Restaurant equipments is included in the sale of this property.
Arcade Tavern
Now this is the gem of Old Town Bandon. Located on the corner of Alabama and 1st Street, the old Arcade Tavern (now bank-owned - see blog entry entitled, Arcade Tavern Goes To Auction) was auctioned in December with a minimum bid amount of $398,058.94, but no one bothered to qualify as a bidder. Yep...not one party even registered to be eligible for the auction. Since the failed auction, the bank has received several offers, and continue to pursue price negotiations with at least one party. When people ask, "Why hasn't anyone bought this yet?" I don't have an answer for them. The fact is, it's in the right location, and at the right price. With a river view, and just steps off the crabbing docks, this property is one that doesn't come around very often. It's not so much the price of this property that makes it valuable, but the fact that it's rare. And in Bandon.
Written By: Rushel Reed, Broker
United Country - Bandon is welcoming Dan Cirigliano to our team! On February 1st, Dan joined United Country, and we are happy for his help and partnership. With a superior knowledge of the local real estate market, Dan is a great asset.

Dan Cirigliano has lived in Bandon
His knowledge of home construction and planning consultation, along with his 24 years of real estate experience creates an invaluable resource to an ever-changing entity with today's access to information and the important role of technology. He comprehends the importance of building relationships and loyal service. His never-ending goal is to exceed the expectations of his clients and customers in an effort to make the purchase and sale of real estate the most favorable experience possible.
You can reach Dan directly on his mobile: (541) 297-2427 or visit his website at http://www.orecoastrealestate.com/.
Written By: Rushel Reed, Broker
This video highlights the desire for many city dwellers to simplify their lives and provide a more natural setting for their children.
Young couples and families are part of a growing real estate trentd. More 30- and 40-somethings are relocating to rural America, siting quality of life and affordability, combined with developments in technology that make telecommuting an option for the young professionals. As a result, the United Country Real Estate franchise finds that business is up 11% over this time last year.
United Country Real Estate is the nation's leader in specialized rural real estate. With several strategic partnerships, including John Deere, Outdoorsman Channel, FFA, Ducks Unlimited and others, United Country has a very solid grip on market trends and action in the rural real estate market.
Written By: Rushel Reed, Broker
It seems that the pattern we've been seeing in real estate is holding. Properties are selling quickly in the Under-$150,000 range. We are also seeing action on higher priced properties that are priced within the $140/sq ft. range as well. Below are the sold properties in the Coos County area for the week of February 23 - March 1.
|
Location/Property Type |
Original List Price |
Current List Price |
Sold Price |
Days on Market |
|
2bd/1ba MFH Coos Bay |
27,500 |
19,900 |
18,000 |
412 |
|
2bd/1ba MFH Coos Bay |
59,000 |
33,000 |
31,000 |
508 |
|
1bd/1.5ba Fixer, North Bend |
69,900 |
69,900 |
64,000 |
49 |
|
3bd/1ba, North Bend |
89,900 |
84,900 |
70,000 |
53 |
|
3bd/1ba, Coos Bay |
94,500 |
82,500 |
75,000 |
49 |
|
3bd/2ba, Coos Bay |
137,000 |
119,900 |
114,900 |
93 |
|
2bd/1ba, Bandon |
148,000 |
132,000 |
122,000 |
115 |
|
3bd/1ba, Coos Bay |
149,900 |
149,900 |
148,000 |
49 |
|
3bd/1ba, Bandon |
169,000 |
159,000 |
150,000 |
42 |
|
3bd/2ba MFH, Coos Bay |
159,950 |
159,950 |
156,900 |
82 |
|
3bd/2.5ba, Coos Bay |
163,400 |
163,400 |
160,000 |
6 |
|
3bd/2.5ba, Bandon |
540,000 |
280,000 |
260,000 |
493 |
|
3bd/2ba, Bandon |
349,500 |
299,900 |
299,900 |
141 |
|
3bd/2ba, Bandon |
329,900 |
329,900 |
300,000 |
29 |
|
3bd/1ba, Lakeside |
375,000 |
375,000 |
315,000 |
307 |
|
3 Unit Rental, North Bend |
150,000 |
150,000 |
150,000 |
5 |
"SOLD" tells it all.
Looking over the listings that sold last week, a trend becomes increasingly clear: consumers are looking for a deal, and $150,000 or below is where a property owner gains the attention of buyers. Take a look at the sold data for the week of February 16-22, 2010.
|
Location / Property Type |
Original List Price |
Current List Price |
SOLD Price |
Days on Market |
|
3bd/1ba on city lot |
$89,500 |
$89,500 |
$72,000 |
155 (5+months) |
|
2bd/1ba on city lot |
$145,000 |
$119,000 |
$110,000 |
373 (over a year!) |
|
2bd/1ba on city lot |
$139,000 |
$139,000 |
$135,000 |
12 |
|
Commercial Lot |
No data |
$85,000 |
$60,000 |
185 |
|
4bd/3ba on city lot |
No data |
$305,000 |
$305,000 |
141 |
|
1bd/1ba on city lot |
No data |
$119,000 |
$110,000 |
808 (2+ years!!?) |
Of particular note is that with one exception, the sold properties in Coos County are priced significantly under $150,000. Again with one exception, these properies are residential.
We keep hearing, even from other real estate professionals, that this is a "lousy market". Here at our office, we're not so sure. There are two sides of eacj real estate market, and this market is an exciting one. Buyers who were priced out of the market in the last five years (especially in the Bandon area of Coos County) are now able to step in and purchase homes. The difference is that these buyers are savvy and informed, making sellers take a hard look at pricing their properties realistically.
Property is selling.
Written By: Rushel Reed, Broker
Just north of North Bend, Oregon by 2 miles, this home has panoramic views of tide-affected waters, bridges and waterfowl. With a small path to the waterfront and a paved, private drive (shared with 4 other homeowners) and round driveway, this home is gracious and comfortable.

This home has just been reduced to $399,500 from $525,000, and is getting lots of attention! With two fireplaces (one upstairs and one downstairs), each floor is warm and comfortable. There is an office area next to the kitchen, a sun room to bask in warm sunshine, and a large second-story deck to wach spectacular sunsets over the water.
12+ acres of waterfront, wetlands on the property and several hundred feet of waterfront make this house a steal!

This property is a on-of-a kind waterfront acreage property! Inquiries on this property can be directed to our office: (541) 347.5100.
Written By: Rushel Reed, Broker
There are over 7,000 properties in Coos County affected by the Oregon Forestland-Urban Interface Fore Protection Act of 1997 (Senate Bill 360). Last week, Coos County 's Interface Committee sent notices of a public hearing regarding this act to all affected landowners. A public hearing will be held February 10, 2010 at 6:30p.m. at the Coquille Community Center, located at 115 N. Birch in Coquille. The notice states, "Objections, remonstrances or suggestions relating to the proposed classification will be heard at this time. Following the hearing, formal notifications will be mailed to affected property owners."
WHAT PROPERTIES MEET THE GUIDELINES?
The 1997 Act was initiated as a wildfire prevention measure, and the majority of properties in Coos County do not meet the guidelines to be affected by this initiative. The law is intended for homeowners in wildland urban areas of state-protected forestlands to reduce their risk if a fire occures close to (or on) their property.
The Oregon Department of Forestry will assume administrative responsibility, and notifies the owners of properties within the forestland-urban interface boundaries. "Property owners have two years after receiving their letter of notification to comply with the fuel-reduction standards described in OAR 629-044-1050 through 629-044-1085.
WHAT IF A LANDOWER DOES NOT COMPLY?
The Oregon Department of Forestry website states that a certification card will be sent to forestland-urban interface property owners, which may be signed and returned to ODF after the fuel-reduction standards have been met. Return of aforementioned card is VERY important for landowners. The return of a certification card relieves a property owner from the Act's fire cost-recover liability. For a landowner without a certification card, the State of Oregon may seek to recover certain fire suppression costs from a property owner if the fire originates on the owner's property, the fuel reduction standards have not been met, and ODF incurs extraordinary suppression costs. The cost-recovery liability is capped at $100,000. A certification card is void when a property sells or a structure is added. It is also void when the land is reclassified.
If you have received a preliminary letter from the Coos County Forestland-Urban Interface Committee, it is in your best interest to visit the website, attend the meeting, and make sure that you know the rules and regulations of this Act. Certification forms can be downloaded from the website as well. Curiously, no information on the Coos County are is available online. Another reason to attend this meeting.
Written By: Rushel Reed, Broker
The highly anticipated auction of the Arcade Tavern has come and gone, and no one noticed. The former Arcade Tavern sits at the corner of 1st Street and Alabama Ave in Old Town Bandon. From it's front windows, a patron has a view of the busy Bandon boardwalk and boat launch. Those in town crabbing for the weekend would step into the Arcade for a drink between pulling up the crab traps set up on the docks. The location is prime, and many people around town talked of this property as a great investment.
With an opening bid amount of $398,058.94, it seemed that someone would get a decent deal on a fantastic Old Town Bandon location. When I showed up this morning at 9:55, there were five people in front of the Coos County Courthouse. Not exactly the large turnout I expected, given the huge amount of interest I was hearing around Bandon in the months before the auction. When it came time for the auction to begin, auctioneer Matthew Bier, the Delinquent Loan Coordinator from Chetco Federal Credit Union stepped up, cleared his throat and announced the property being auctioned. Shortly thereafter, Mr. Bier repeatedly asked if there was anyone interested in qualifying to bid. No one spoke up.
Qualifying to bid on a property being auctioned by Chetco Federal Credit Union simply includes providing proof of funds. When no one qualified to bid, it effectively cancelled the auction. The property now reverts to Chetco Federal Credit Union, which will have it appraised and then determine whether or not to put it on the market. If it goes to market, it's likely that an offer in the amount of the minimum bid would be successful.
In conversation with Mr. Bier after the auction, he indicated that he has little involvement in the fate of the Arcade Tavern now that this morning's auction is finished. He said he was surprised by the lack of interest in the property. Leading up to the auction date, his phone was "...ringing off the hook." with inquiries. He did offer insight into the situation, saying that there was a Federal tax lien against the property. Once a buyer actually purchases the property, the federal government has 120 days in which to purchase the property, plus or MINUS 6% of the price. That means that if the federal government wanted to, they could buy the property for LESS than you did! No one I've talked to understands whether or not the successful bidder would actually lose that 6% or if the entire bid amount would be refunded. Perhaps this is why there was such lack of interest??
Click here to view the Trustee's Notice of Sale.
Written By: Rushel Reed, Broker
Many changes have come through the Oregon Legislature with regard to Landlord/Tenant law. Many items have stayed the same, but some serious changes have come up. This article is to give a very brief overview of the four major changes to law for rental owners and property managers.* The new laws will become effective in January 2010.
Four New Changes:
Restricts fees a landlord may charge
Requires no-cause notices after the first year of the tenancy to be served at least 60 days in advance of eviction.
Provides a way for landlords to manage personal property when a tenant who lives alone dies.
Allows guests and landlord to arrange for guests to stay in a rental, but not acquire tenant rights.
FEES
[2] for a bounced check, plus any amount the landlord was charged by the bank;
[3] in a manufactured home, for pet violations;
[4] unless the landlord chooses to charge for damages, breaking a lease, though limited to
one and a half times rent;
[5] late payment of utilities paid to the landlord (not to exceed $50);
[6] failure to clean up pet waste (not to exceed $50);
[7] failure to clean up garbage from outside the dwelling unit (not to exceed $50);
[8] parking violations (not to exceed $50); and
[9] improper use of vehicles, such as speeding, on the premises (not to exceed $50)."
NO-CAUSE NOTICES
DECEASED TENANT LIVING ALONE
GUESTS
All items in quotations are from http://www.cabellenterprises.com/ and the Landlord/Tenant Law Update 2010 class provided by the Oregon Rental Housing Association and speaker J. Norton Cabell.
Written By: Rushel Reed, Broker
8-Acre Vacation Cottage and RV Park for Sale
$1,750,000
In the pristine area of Bandon-by-the-Sea, vacationers wish to stay close to the beach, experience the beauty of the beaches, and have the kind of privacy they find in their own home. Beach Loop Village provides all of this in an affordable vacation rental, or in a vacation home for themselves and for their families to enjoy for years to come.


Bandon RV Village is an 8-acre RV park in scenic Bandon-by-the-Sea, Oregon. With 35 fully developed RV sites and eight cottages for sale or rent, this park has fantastic income potential. On-site inprovements include men/women's multi shower bathrooms, coin-op laundry, detached office, mgr's 2-story home and caretaker's accommodation. There are 8 completed cottages, averaging 550sf each. Each cottage is for sale individually, or with the entire RV Park. Cottages are solidly build park model homes with vaulted ceilings, exposed beams, full kitchens, lofts, naturally finished wood and an abundance of windows. Natural light streams through the large windows. Some cottages have hot tubs, decks, patios, garages, etc. In addition, there is a small office included for check-ins, payments, and storage of local information about the vast array of outdoor activities in and around Bandon. There is room for lots of expansion and futher development. This RV park sits on two discrete parcels, 5-acres and 3-acres. Beach Loop Road frontage totals 725 linear feet. All inventory on-site is included in the sale. Financials on file.




You can find more information on this listing at http://www.ucbandon.com/. Please contact broker Rushel Reed at 541.297.5806 or rushel@ucbandon.com.
Written By: Rushel Reed, Broker
Bandon's Old Town merchants, Chamber of Commerce members, media and citizens met on Monday at the Barn to become for informed about this exciting new program.
Attempts have been made to revitalize city centers nationwide in the past, only to fail and leave towns blighted by vacant buildings and failing businesses. Urban renewal sought to eliminate old and tired buildings with new, clean facades, but backfired when all the personality of those old buildings was lost to cold and lifeless cookie-cutter downtown areas. Downtown pedestrian malls were created by blocking off motor vehicle traffic, but businesses suffered (and ultimately relocated) when the pedestrians never showed.
The Main Street program’s purpose is to bring vitality and prosperity to Bandon through the unique and existing parts of our town. Main Street embraces the vernacular food, shopping and activities that our citizens love – our history. Bandon has many aspects that make it the perfect candidate for the program, including owning its own utilities and having an existing off-highway downtown area (Old Town).
The Main Street program uses new funding in the form of donations and grants, as well as existing resources, such as the Oregon Arts Commission and the State Historical Preservation Office.
One thing that is needed, valued and always welcome in a project like this is volunteerism. Engaging our young people, our business owners and our citizens will make Bandon’s Main Street Program a success. Committees are being formed now for the areas of Economic Restructuring, Organization, Design and Promotion. If you are interested in more information, would like to make a donation or want to volunteer, please contact Anne at Sage Gallery: sagegallery@mycomspan.com .
Written By: Rushel Reed, Broker
You can now follow United Country - Bandon on Twitter. Find out what we're doing!
Written By: Rushel Reed, Broker









The United Country samplers have just arrived!
This magazine covers Central & Western United States, and gives you a sample of what each of the over 600 offices have to offer. Buyers who are relocating to different parts of the country, Mexico or Costa Rica can get a great idea of the types of property for sale.
This edition of United Country Real Estate Sampler highlights new offices in Costa Rica. See pages 132-133 for listing information in Costa Rica!
Please come in and get your free copy of the Sampler at one of our two offices.
1486 Fir Court AND 165 Alabama in Bandon!
Written By: Rushel Reed, Broker
United Country - Bandon is looking for an experienced broker to add to the team!
We are looking for someone to add to our team. We are a casual office where our focus is on service and marketing. For more information, please call Rushel at (541) 347-5100.
Written By: Rushel Reed, Broker
Rushel Reed, Broker
Bob Johnson, Principal Broker
Bob opened the United Country - Bandon office to his successful Ashland, Oregon real estate office in 2006. Bob's main objective is to be part of a team of professionals who believe in the team concept he has always emphasized and thrived on. Bob specializes in working closely with clients to find and sell specialty investments (like a 2,500 acre oceanside golf course, for example). Bob's 30+ years of real estate experience comes in many forms. He is an expert in dealing with unique property challenges, like zoning changes, water rights and family-owned properties. Bob is a fanatic golfer, and never misses a chance to walk the links. Call Bob at (541) 944-9319 or email him at unitedcountry@ymail.com.
United Country - Bandon
1486 Fir Court
Bandon OR 97411
Written By: Rushel Reed, Broker











This from the City of Bandon monthly newsletter, July 2009:
"BANDON SELECTED FOR MAIN STREET "TRANSFORMING DOWNTOWN" PROGRAM - The City of Bandon has been selected for inclusion in the Oregon Main Street "Transforming Downtown" Program. According to a press release from the Oregon Economic and Community Development Department (OECDD), the City of Bandon was among 10 Oregon communities whose selection "represents both state and national recognition of efforts to revitalize traditional downtown commercial districts using the Main Street Approach." A special thanks and congratulations to Anne Sabotta from the Sage Gallery, Margaret Pounder from Bandon Coffee Cafe, and Kim Powell from Bandon Baking Company, who dedicated a gread deal of time preparing the application. Thanks also to Nancy Evans who supplied historical information for the application, and to Hank Hickix from Bandon Dunes who took the time to speak at the May 1st Main Street Meeting."

According to the Oregon goverment website, the project took substantial time and effort on the part of applicants, including an application workshop held in Salem. "The underlying premise of Main Street is to encourage economic development within the context of historic preservation in ways appropriate to today's marketplace. This approach advocates a return to community self-reliance, local empowerment and the rebuilding of traditional districts based on their unique assets: distinctive architecture, a pedestrian-friendly environment, personal service, local owernship and a sense of community."
Congratulations, Bandon! We look forward to seeing progress in the Old Town area!
Written By: Rushel Reed, Broker