Two tax lots, R2 zoning and an existing income-producing duplex in a prime Cannon Beach location. Situated in the highly desirable Presidential Streets, this property offers a compelling opportunity for investors, builders or buyers looking to explore future redevelopment. Continue to operate the existing duplex while considering a new residential project or other possibilities allowed under R2 zoning, including potential ADU options. Just blocks from the beach and downtown, this is a true walk-everywhere location with easy access to restaurants, shops, galleries and everything that makes Cannon Beach one of Oregon's most sought-after coastal destinations. The property is priced with its current condition in mind and is being offered AS-IS. Both units are currently tenant occupied. Please do not disturb tenants or enter the property without an appointment. A minimum of 48 hours' notice is required for showings. Buyer to perform due diligence with the City of Cannon Beach regarding zoning, lot configuration, ADU eligibility, redevelopment potential and permitted uses.