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3128 Ne Highway 101 15,074 SF 100% Leased Retail Building Lincoln City, OR 97367 $2,163,676 CAD ($143.54 CAD/SF)
INVESTMENT HIGHLIGHTS
- 150' Hwy 101 Frontage
- Includes additional 1 acre lot for extra parking or development
- Includes 1034 sqft cottage
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 & 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 FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
15,074 SF
Building Class
C
Year Built/Renovated
1975/1990
Price
$2,163,676 CAD
Price Per SF
$143.54 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
1.81 AC
Opportunity Zone
Yes
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
AMENITIES
- Corner Lot
- Freeway Visibility
- Storage Space
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R306470 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,424,173 CAD |
PROPERTY TAXES
Parcel Number
R306470
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,424,173 CAD
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3128 Ne Highway 101
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