Property • CommercialSale
Web ID # 263446366
$1,550,000.00
Beds • Baths
Property Features
Regional Multiple Listing Service, Inc.
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!
Property is located on corner of Hwy 101 & NE Holmes Rd. Vacant Lot across street from Bldg
Dwelling Type: CommercialSale
Subdivision:
Year Built: 1975, County: US
Property is located on corner of Hwy 101 & NE Holmes Rd. Vacant Lot across street from Bldg
Virtual Tour
Listing is courtesy of Taylor & Taylor Realty Co.
