1520 NE Hwy 101

1520 NE Hwy 101, Lincoln City, OR

$575,000

Price

1800

Year Built

OP-MSH Main Street Highway

Zoning

Overview
Year Built
1800
Zoning
OP-MSH Main Street Highway
Floors
2
Description

Located in North Lincoln City's pedestrian center this commercial building with an estimated 6.45% cap rate has watched the town grow up around it! Surrounded by a variety of small shops, and restaurants - and located just a few blocks up from beach access on NW 15th St. - it offers 4,177 sqft. of dividable retail space with power upgrade, plus a newly renovated 2 bedroom apartment. Situated on a street corner it has outstanding visibility and is flanked by on-street parking as well as public parking with vehicle charging stations adjacent to the property. Retail locations in a tourist driven town just don't' get much better than this one. An antique mall for many years, the building is currently leased 2 years with 3 year option. Don't miss out on this outstanding investment opportunity!

Highlights
  • Exterior Description: Other
  • Appliances: Refrigerator
  • Lot Size: Under 1/2 Acre
  • Roof: Metal Roof
  • Sewer: City
  • Water: City Water

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Listing ID: 09830fcf-610e-4d68-9a83-7811f5352bac
Location
Gallery