Address
Not Disclosed, Lincoln City, OR
Price
$ 1,495,000
Property Attributes
  • ID#2220
  • TypeCommercial
  • CountyLINCOLN
  • CityLincoln City
  • AreaLincoln City
  • Zip97367
  • StyleCom/Warehouse/Retail
  • Year Built1975
  • Taxes$ 18938
  • Price$ 1,495,000
  • Bedrooms0
  • Full Bathrooms2
  • Half Bathrooms0
  • Sqr Footage15074
  • Lot Size1.81 Acres
Data Source:
Lincoln County MLS Oregon (LCMLS-O)
Property Description

Great Commercial Opportunity in a fantastic location of Lincoln City! Over 15,000 square feet of commercial space, 150 feet of Highway 101 frontage, PLUS additional 1 acre lot for extra parking or development. New Roof with 20 year warranty! $6,500 rental income is on a triple net lease (Tenant pays property taxes, Insurance and Utilities). Additional cottage rents for $850/month. Both parcels are zoned GC with permitted uses including: Retail, restaurant, motels and resorts, offices, mixed use development, and more (see list in Documents.) Buyer to verify future uses with Lincoln City Planning. Property is being sold in 'As Is' condition. Please do not disturb tenants or their employees, showings by appointment. Property is within the federally designated Opportunity Zone!

Price History
1/4/2022 Listed $1,795,000
2/23/2022 6% - $1,695,000
5/26/2022 6% - $1,595,000
1/26/2024 7% - $1,495,000

General Features

Heating Furnace,Gas
Roof Metal
Water City
Zoning GC - General Commercial
Electric On Property

Interior Features

Flooring Tile
Ceiling Flat

Exterior Features

Foundation Slab
Siding Other
Garage Type None
Frontage Highway

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 97367

Price
AVG $1.13M
$1.5M
Taxes
AVG $6,843
$18,938
Visits
AVG 88
169
Data Provided by Inside Real Estate®
Year Built
AVG 1960
1975
Walkscore
AVG 64
65
Data Provided by Walkscore® not using MLS data