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    3350 NE Highway 101

    Lincoln City, OR 97367
    • $1,680,000
    • STATUS: Active Under Contract
    • ON SITE: 106 days
    • MLS #: 771162
    Under Contract
    $1,680,000
    • 0
      BEDS
    • 1.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,739
      SQFT
    • $449
      $/SQFT
    Neighborhood:
    Os Outside 4 County Area
    Type:
    Commercial
    County:
    Lincoln
    Area:
    Os Outside 4 County Area

    School Ratings & Info

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    Listing information © 2021 Willamette Valley Multiple Listing Service
    Listing provided courtesy of Re/Max Integrity - Salem Branch

    Description

    Accepted Offer with Contingencies. Incredible investment opportunity in Lincoln City, Oregon. 3,739 sqft retail space with two established tenants in place. Starbucks occupies 1620 sqft with drive through window. Oregon State Credit Union occupies 1885 sqft, which also has a drive through window. There are 2 shared bathrooms between the two suites. There is ample parking, great lot size, brick building, and nice tenant improvements. Building is in a prime location right off HWY 101 with great visibility and traffic counts.

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    © 2021 Willamette Valley Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Beem Team LLC | Keller Williams Realty Mid-Willamette. Data last updated: 2021-03-04T00:08:47.77.
    www.midvalleyhomesource.com/homes/111973414
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    3350 NE Highway 101 Lincoln City, OR 97367

    • Price: $1,680,000
    • Status: Active Under Contract
    • MLS #: 771162
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.16
    Acres
    3,739
    SQFT
    $449
    $/SQFT
    Neighborhood:
    Os Outside 4 County Area
    County:
    Lincoln
    Area:
    Os Outside 4 County Area
    Property Description
    Accepted Offer with Contingencies. Incredible investment opportunity in Lincoln City, Oregon. 3,739 sqft retail space with two established tenants in place. Starbucks occupies 1620 sqft with drive through window. Oregon State Credit Union occupies 1885 sqft, which also has a drive through window. There are 2 shared bathrooms between the two suites. There is ample parking, great lot size, brick building, and nice tenant improvements. Building is in a prime location right off HWY 101 with great visibility and traffic counts.
    Exterior Features

    Access PavedState Highway Fenced Partial Parking Spaces 48 Railroad No Roof Built-Up Siding Brick Siding Style Lap Signage Yes Trailer Parking Yes View Territorial

    Interior Features

    Fire System Sprinkled

    Property Features

    Assessments Or Liens No Cap Rate 6.15% Commercial Type Retail Confidentiality Agreement Required Yes Cross Street Ne 34th St Expenses Actual Or Projected Actual Flood Plain No Gross Sched Income 140679 High Speed Comm Access Available Insurance 3318 Maintenance 5278 Miscellaneous 3807 Net Income 103347 New Construction No Owner Managed Yes Owner Occupied No Parking Ratio Per1000 SF 12 Property Taxes 24728 Property Use Type Business Seller To Do1031 No Sewer City Source Of Square Feet County Suitable For Office Institutional/GovMedical OfficeOffice Building Suitable For Shopping Center Convenience/Strip Center Tax Amount 24728 Tax Years 2019 Tenancy Multiple Terms Seller Will Consider CashConventional Total Expenses 37132 Water City Zoning Gc

    © 2021 Willamette Valley Multiple Listing Service. All rights reserved.


    © 2021 Willamette Valley Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Beem Team LLC | Keller Williams Realty Mid-Willamette. Data last updated: 2021-03-04T00:08:47.77.
     
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    The Beem Team LLC | Keller Williams Realty Mid-Willamette
    2125 Pacific Blvd SW
    Albany OR, 97321
    Listing information © 2021 Willamette Valley Multiple Listing Service
    Listing provided courtesy of Re/Max Integrity - Salem Branch