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3126 NE Highway 101

15,074 SF 100% Leased Retail Building Lincoln City, OR 97367 £1,181,065 (£78/SF)

Executive Summary

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). 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!

Attachments

GENERAL COMMERCIAL (GC) ZONE

Financial Summary (Actual - 2021) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Net Operating Income - -

Financial Summary (Actual - 2021) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual -
Annual Per SF -

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
15,074 SF
Building Class
C
Year Built/Renovated
1975/1990
Price
£1,181,065
Price Per SF
£78
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.19
Land Acres
1.81 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
GC - Retail, restaurant, motels and resorts, offices, mixed use development, and more (see list in Attachment.)
Parking
42 Spaces (2.79 Spaces per 1,000 SF Leased)
Frontage
150 ft on US Highway 101

Links

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3126 NE Highway 101, Lincoln City, OR - aerial map view - Image1
3126 NE Highway 101, Lincoln City, OR - aerial map view - Image2
3126 NE Highway 101, Lincoln City, OR - aerial map view - Image3
3126 NE Highway 101, Lincoln City, OR - aerial map view - Image4
3126 NE Highway 101, Lincoln City, OR - aerial map view - Image5
3126 NE Highway 101, Lincoln City, OR - aerial map view - Image6
3126 NE Highway 101, Lincoln City, OR - aerial map view - Image7

PROPERTY TAXES

Parcel Numbers
Multiple
  • R306470
  • R350051
 Improvements Assessment £0 (2023)
Land Assessment £0 (2023) Total Assessment £874,370 (2023)

PROPERTY TAXES

Parcel Numbers
Multiple
  • R306470
  • R350051
Land Assessment
£0 (2023)
Improvements Assessment
£0 (2023)
Total Assessment
£874,370 (2023)
(541) 992-1050

  • Listing ID: 24774498

  • Date on Market: 05/01/2022

  • Last Updated:

  • Address: 3126 NE Highway 101, Lincoln City, OR 97367

The Retail Property at 3126 NE Highway 101, Lincoln City, OR 97367 is currently available For Sale. Contact Taylor & Taylor Realty Co. for more information.

Nearby Listings

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3126 NE Highway 101
(541) 992-1050 x

3126 NE Highway 101

Amy Graham

(541) 992-1050

(541) 992-1050

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