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For Sale > Tioga & Koski Building - #1
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Colliers is pleased to present the Tioga & Koski Buildings, a rare combination of fourteen leased guest housing units by the prestigious Bandon Dunes Golf Resort and a significant opportunity to continue improvements made by the current owners and realize massive upside in residential and retail renovations. Current ownership has spent over $1.9M on interior and exterior improvements including: extensive apartment interior renovations, full exterior painting, parking lot resurface, full lobby renovation. The previous owners recently completed a full re-roof, full elevator mechanical upgrade and new water heaters serving all units. New owners can unlock significant value by continuing renovations on the remaining 40 residential unit interiors, as well as completing the remaining renovations on over 5,000 of vacant retail space.
The property sits along Highway 101 in Coos Bay on the Oregon’s southern “golden” coast. In the midst of a renaissance, the City of Coos Bay, Oregon’s largest coastal city, finds itself heavily sought-after for its incredible quality of life with a thriving downtown surrounded by the beautiful and rural coastal mountain range. The migration patterns unlocked during Covid-19 have led to a boom in population in Coos Bay, as the mobile workforce can now work from anywhere. Being a short 30-minute drive from one of the world’s most renowned golf resorts, Bandon Dunes, the property has captured a new demographic of lifestyle renters looking to become involved in the growth of a city they can help shape, while enjoying the slower pace and majestic beauty of Oregon’s southern coast. The property is located on the most sought-after corner on the main thoroughfare through downtown, two blocks from the Coos Bay waterfront, with walkable access to numerous restaurants and entertainment options.