1316 Ne Hwy 101, Lincoln City, OR 97367

Listing Courtesy of Sams Realty.

$698,000
1
BA
1,561
SqFt

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List Price
$698,000
Status
ACTIVE
Days on Market
5
MLS#
26-2028
Subtype
Commercial Sale
Year Built
1935
Bathrooms
1
Living Area
1,561
Lot Size
7,405
Acres
0.17

Property Description

PRIME HWY 101 FRONTAGE IN LINCOLN CITY'S OCEANLAKE DISTRICT Great opportunity to own a remodeled, single-level commercial property with 50 feet of HWY 101 frontage in the heart of it all! The property consists of a 1561 S.F. building, fenced lawn courtyard (Great Outdoor Seating), storage shed, gated rear parking area and a large gravel parking lot with potential for additional development. High visibility location offers outstanding exposure, access and year-round pedestrian and car traffic. Just blocks from beach access and near established businesses, restaurants and shopping. The OP-MSH (Oceanlake Plan-Main Street Highway) zoning allows for many possibilities, including: professional office or service, retail, restaurant, coffee shop, office, wellness / yoga studio, art gallery\ studio, and many other possible uses.. The large rear parking area may also provide an opportunity for an additional single-family home (buyer to verify with the City of Lincoln City), creating the potential for a long-term or nightly vacation rental. Whether you're looking to grow your business, establish a new business or invest in one of the Oregon Coast's most vibrant districts, this opportunity is not to be missed. Shown by appointment only.

Additional Information

Taxes
$3,546
Zoning
OP-MSH Main Street Highway
Flooring
Carpet, Vinyl
Heating
Electric
Levels
One
Roof
Other
Foundation
Other
Parking Features
On Street, Paved, Additional Parking, Gravel

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Calculator source: Real Geeks