2795 SE 23rd Drive, Lincoln City, OR 97367 (MLS # 24-159)
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3.10-acre commercial building totaling approx. 13,708 SF zoned industrial. Currently rented with uses ranging from office to automotive shop, storage facility and towing yard. Property consists of an oversized shop building with 13,200 sq feet & 9 roll up doors- 4 are 14x14, 5 are 12x14. Upstairs there is 2,700 sq ft of recently remodeled space with laminate wood flooring & recessed lighting currently vacant. Current rents gross 103,800 year with 5 of 9 spaces rented. Seller states additional vacant spaces estimated potential of 104,400 per year. Detached 508 sq ft storage yard office space in addition to total square footage. This property is also being offered as 2.29 acres with shop MLS 24-161, and or separate 0.81 acres MLS 24-160. If sold separately, property would need to surveyed and partitioned. Properties must close simultaneously. Shown by appointment only, please do not disturb tenants.
| DAYS ON MARKET | 310 | LAST UPDATED | 8/1/2024 |
|---|---|---|---|
| TRACT | N/A | YEAR BUILT | 1987 |
| COMMUNITY | Lincoln City | COUNTY | Lincoln |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| PRICE HISTORY | |
| Prior to Aug 1, '24 | $2,275,215 |
|---|---|
| Aug 1, '24 - Today | $1,900,000 |
| ADDITIONAL DETAILS | |
| AREA | Lincoln City |
|---|---|
| HEAT | Forced Air |
| INTERIOR | Beamed Ceilings |
| LOT | 3.1 acre(s) |
| SUBDIVISION | N/A |
| TAXES | 7632.06 |
| UTILITIES | Natural Gas Available |
| VIEW DESCRIPTION | None |
| WATER | Private, Well |
| ZONING | PI - Planned Industrial |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with Taylor & Taylor Realty Company
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Data Last Updated: 12/3/24 9:53 AM PST
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