Lincoln City, OR 97367,2125 NW HIGHWAY 101
Lincoln City, OR 97367,2125 NW HIGHWAY 101
Lincoln City, OR 97367,2125 NW HIGHWAY 101
Lincoln City, OR 97367,2125 NW HIGHWAY 101
Lincoln City, OR 97367,2125 NW HIGHWAY 101
Lincoln City, OR 97367,2125 NW HIGHWAY 101
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Listed by Coldwell Banker Professional
Bought with Non Rmls Broker

$695,000

$750,000

7.3%
Est.Price: ?

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Est. payment /mo

3,534 SqFt


SOLD DATE : 10/01/2024

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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Regional Multiple Listing Service (RMLS)

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Ted Tanner

Principal Broker | Lic# 201210644

+1(503) 828-7839

1915 NE Stucki Ave. Suite 250, Hillsboro, OR, 97006

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