About 3128 &3126 Ne Hwy 101
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!
Features of 3128 &3126 Ne Hwy 101
| MLS® # | 22-20 |
|---|---|
| Price | $1,495,000 |
| Bathrooms | 2.00 |
| Square Footage | 15,074 |
| Acres | 1.81 |
| Year Built | 1975 |
| Type | Commercial |
| Status | Active |
Community Information
| Address | 3128 &3126 Ne Hwy 101 |
|---|---|
| Area | Lincoln City NE |
| City | Lincoln City |
| County | Lincoln |
| State | OR |
| Zip Code | 97367 |
Amenities
| Parking Spaces | 42 |
|---|---|
| Garages | None |
| View | None |
| Is Waterfront | No |
| Waterfront | Highway |
Interior
| Heating | Furnace, Gas |
|---|---|
| Has Basement | No |
Additional Information
| Date Listed | January 4th, 2022 |
|---|---|
| Zoning | GC - General Commercial |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Amy Graham |
|---|---|
| Office | Taylor & Taylor Realty Company |