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1330 NE Highway 101
Lincoln City, OR 97367
Retail Property For Sale
Investment Highlights
- High daily traffic
- High foot traffic area
- Signaled light nearby
Executive Summary
Investment opportunity featuring two contiguous commercially zoned properties in Lincoln City. The commercial building, located at 1330 NE Hwy 101, was formerly operated as a bar and grill and had undergone extensive remodeling in 2022, offering a versatile space ready for its next use. Also included in the sale is the property at 1333 NE Keel Ave, featuring a 4-bedroom, 2-bath home with commercial zoning that allows for short-term rental use. The home is in the process of being remodeled and will require completion, providing an opportunity for a buyer to finish the property to their own specifications and vision. With two contiguous properties, commercial zoning, Highway 101 frontage, and flexibility for a variety of potential uses, this offering presents a unique opportunity in a central Lincoln City location.
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,172 SF
Year Built/Renovated
1950/2022
Price
$1,150,000
Price Per SF
$275.65
Tenancy
Single
Building Height
3 Stories
Building FAR
0.64
Lot Size
0.15 AC
Zoning
OP-MSH - Oceanlake Plan district with the Mixed Use Highway
Frontage
85’ on Highway 101
Amenities
- Signalized Intersection
- Wheelchair Accessible
Property Taxes
| Parcel Number | R424360 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $292,340 |
Property Taxes
Parcel Number
R424360
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$292,340
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