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James Hauge

jamesh@legacyre.com +1(503) 877-2101

$ 1,550,000

Est. payment -/mo

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Active

3128 NE Hwy 101 Lincoln City, OR 97367

2 Baths

15,074 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 15,074 sqft

Price per Sqft $102

MLS Listing ID 25-1204

HOA Y/N No

Year Built 1975

Annual Tax Amount $19,475

Tax Year 2024

Lot Size 1.810 Acres

Acres 78843.6

Lot Dimensions Irreg. (plat in docs)

Property Sub-Type Commercial

Source Lincoln County Board of REALTORS® MLS (OR)

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 & gutters 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!

Location

State OR

County Lincoln

Area Lincoln City

Zoning GC - General Commercial

Direction Property is located on the corner of Hwy 101 and NE Holmes Rd. Vacant Lot / Additional Parking Lot is located off NE Holmes Rd across the street from the Commercial Building.

Interior

Heating Gas, Furnace

Flooring Tile

Exterior

Utilities Available Natural Gas Available

Waterfront Description Highway

View None

Roof Type Membrane

Garage No

Building

Foundation Slab

Water City

Others

Tax ID 071102CC-2200-00

Lincoln County MLS Oregon / OREGON COAST MLS

Listed by Taylor & Taylor Realty Company

James Hauge

Principal Broker | License ID: 200107093

+1(503) 877-2101

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