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2273 SW Highway 101 0.7 Acres of Commercial Land Offered at $350,000 in Lincoln City, OR 97367
INVESTMENT HIGHLIGHTS
- Highway frontage with heavy traffic
EXECUTIVE SUMMARY
This prime commercial property has 210' of highway frontage and is zoned Gen Commercial and is .70 of an acre. Buyer to verify possible usage with the City & County. Billboard sign on property currently generates $3,700.00 a year in income. Property currently is being used to store construction equipment and is on a month to month lease, generating additional income of $700 per month. SDC fees have been paid for the property, see attached listing document from City planning.
FINANCIAL SUMMARY (ACTUAL - 2022) |
ANNUAL | ANNUAL PER AC |
|---|---|---|
| Gross Rental Income |
$3,100
|
$4,428.57
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$3,100
|
$4,428.57
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2022)
| Gross Rental Income | |
|---|---|
| Annual | $3,100 |
| Annual Per AC | $4,428.57 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income | |
|---|---|
| Annual | $3,100 |
| Annual Per AC | $4,428.57 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
PROPERTY FACTS
| Price | $350,000 | Property Type | Land |
| Sale Type | Investment or Owner User | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 0.70 AC |
| Zoning | General Commercial | ||
| Price | $350,000 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.70 AC |
| Zoning | General Commercial |
1 LOT AVAILABLE
Lot
| Price | $350,000 | Lot Size | 0.70 AC |
| Price Per AC | $500,000.00 |
| Price | $350,000 |
| Price Per AC | $500,000.00 |
| Lot Size | 0.70 AC |
1 1
PROPERTY TAXES
| Parcel Number | R191139 | Improvements Assessment | $0 (2024) |
| Land Assessment | $249,030 (2024) | Total Assessment | $249,030 (2024) |
PROPERTY TAXES
Parcel Number
R191139
Land Assessment
$249,030 (2024)
Improvements Assessment
$0 (2024)
Total Assessment
$249,030 (2024)
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2273 SW Highway 101
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