1520 NE Hwy 101

Highlights:

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

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!