1333 Ne Keel Ave/1330 Ne Hwy 101, Lincoln City, OR

$1,300,000

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4

Beds

2

Baths

4,204

Square feet

0.24

Acres

About 1333 Ne Keel Ave/1330 Ne Hwy 101

Investment opportunity awaits you! This property features a 4 bedroom, 2 bathroom home zoned to allow short-term rentals in the process of being completely remodeled. Meredith Lodging projected Gross Annual Revenue $45,000 - $65,000 for short-term rentals. Also includes commercial real estate that is currently setup a for bar and grill that has been completely remodeled. Only the real estate is for sale, business is tenant owned. Real estate is currently leased with a five year triple net lease. Lease amount is $44,400 per year with a 3% increase per year. The commercial building is located at 1330 NE Hwy 101 in Lincoln City. The residential home is located at 1333 NE Keel Ave in Lincoln City.

Features of 1333 Ne Keel Ave/1330 Ne Hwy 101

MLS® # 22-2003
Price $1,300,000
Bedrooms 4
Bathrooms 2.00
Square Footage 4,204
Acres 0.24
Year Built 1950
Type Residential/Site Blt
Style Traditional
Status Active

Community Information

Address 1333 Ne Keel Ave/1330 Ne Hwy 101
Area Lincoln City NE
Subdivision Raymond Townsite
City Lincoln City
County Lincoln
State OR
Zip Code 97367

Amenities

Garages Attached
View None
Is Waterfront No

Interior

Interior Vinyl
Interior Features Dishwasher, Microwave, Refrigerator
Has Basement No

Additional Information

Date Listed September 13th, 2022
Zoning OP - MSH Main Street Highway
Short Sale No
RE / Bank Owned No

Listing Details

AgentDennis M Regen
OfficeTaylor & Taylor Realty Company

Listing Map

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