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Listed by Taylor & Taylor Realty Co. • 541-994-9111
$ 1,550,000
Est. payment | /mo
15,074 SqFt
$ 1,550,000
Est. payment | /mo
15,074 SqFt
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 263446366
Year Built 1975
Annual Tax Amount $19,475
Tax Year 2024
Lot Size 0.810 Acres
Property Sub-Type Commercial
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 _200
Zoning G-C
Interior
Heating Floor Furnace
Exterior
Roof Type Membrane
Garage No
Building
Sewer Public Sewer
Water Public Water
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
