For Sale
$746,500

2728 Highway 101Lincoln City, OR 97367

Highway 101 Frontage, High-Income Potential

Overview

Added:
Dec 11, 2024
Days on market:
113
Exceptional investment opportunity in Lincoln City, Oregon. This 3,268 square foot commercial building boasts a prime location on Highway 101, offering approximately 95 feet of high-visibility frontage. The property, built in 1965 and situated on an 8,712 square foot lot, includes 11 rental spaces: eight self-storage units and three business spaces, all currently fully leased to long-term tenants. The upper level comprises three office spaces totaling 1,824 square feet (Unit A: 455 sq ft, Unit B: 914 sq ft, Unit C: 455 sq ft), while the lower level houses the eight storage units, totaling 1,444 square feet. The property generates a substantial gross annual income of $40,344. Showings are by appointment only; please do not disturb tenants. This is a rare chance to acquire a well-established, high-income-producing commercial property in a desirable location. The property is zoned for commercial, executive office, traditional office, and storefront uses. This turnkey investment is ready for a new owner.

Highlights

  • $746,500 asking price for a 3,268 square foot commercial building on an 8,712 square foot lot.
  • Located at 2728 NE Hwy 101, Lincoln City, OR 97367, with approximately 95 feet of highway frontage.
  • Built in 1965, the property features 8 storage units and 3 business spaces, totaling 11 rental units, all currently leased.
  • Generating a gross annual income of $40,344.
  • Property includes a mix of office, retail, and self-storage space.

Property Details for 2728 Highway 101

Property type
Retail properties, Office properties
Square Feet
3,268 SF
Year Built
1965

Location Insight

City
Lincoln City
County
Lincoln
State
Oregon
Latitude
44.9850147
Longitude
-124.0066856
2728 Highway 101, Lincoln City, Oregon

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2728 Highway 101
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