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2125 NW HIGHWAY 101 Lincoln City, OR 97367
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Key Details
Sold Price $695,000
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 3,534 sqft
Price per Sqft $196
MLS Listing ID 24621878
Sold Date 10/01/24
Year Built 1950
Annual Tax Amount $3,934
Tax Year 2023
Lot Size 4,791 Sqft
Property Description
Welcome to a remarkable opportunity in the heart of NW Lincoln City! This commercial gem boasts an impressive 95 feet of highway frontage, perfectly positioning it on the west side for unparalleled visibility and convenience. With ample off-street parking, this remodeled building, upgraded in 2021, presents an enticing investment opportunity. Zoned as General Commercial and currently operating as a retail store, this property offers numerous desirable features including two expansive roll-up doors, ample storage space, and the potential for income generation through short-term or full-time rentals. The lower level's charming apartment setup adds to its appeal, making it a perfect live-work space or an attractive rental option. Intriguingly, this property offers a "BOGO" opportunity: run a business on the upper level while living in or renting out the lower, or expand your business operations with ease. With its superb condition, open layout, and convenient access to retail space, this commercial building is poised to accommodate a variety of ventures seamlessly. It's important to note that while the business and inventory are not included in the property sale, the furnishings in the apartment can remain, adding an extra layer of convenience for prospective buyers. For those eager to explore this exceptional property, showings are available by appointment only, ensuring a smooth process without disrupting the current tenants during business hours. Buyer to do their own due diligence with the Lincoln City planning department to verify uses.
Location
State OR
County Lincoln
Area _200
Zoning GC
Interior
Heating Other
Exterior
Roof Type Flat,Membrane
Garage No
Building
Story 2
Sewer Public Sewer
Water Public Water
Level or Stories 2
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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