3128 &3126 NE Hwy 101, Lincoln City, OR 97367 (MLS # 22-20)
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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!
| DAYS ON MARKET | 1,052 | LAST UPDATED | 7/16/2024 |
|---|---|---|---|
| YEAR BUILT | 1975 | COMMUNITY | Lincoln City |
| COUNTY | Lincoln | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| PRICE HISTORY | |
| Prior to Feb 23, '22 | $1,795,000 |
|---|---|
| Feb 23, '22 - May 26, '22 | $1,695,000 |
| May 26, '22 - Jan 26, '24 | $1,595,000 |
| Jan 26, '24 - Today | $1,495,000 |
| ADDITIONAL DETAILS | |
| AREA | Lincoln City |
|---|---|
| LOT | 1.81 acre(s) |
| LOT DIMENSIONS | Irreg. (plat in docs) |
| TAXES | 18938.84 |
| UTILITIES | Natural Gas Available |
| VIEW DESCRIPTION | None |
| WATER | Public |
| ZONING | GC - General Commercial |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with Taylor & Taylor Realty Company
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Data Last Updated: 11/21/24 8:42 AM PST
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