2795 23Rd DrLincoln City, OR 97367

This exceptional 2.29-acre commercial property in Lincoln City, Oregon, presents a unique investment opportunity. The property, located at 2795 SE 23rd Drive, boasts a substantial 13,708 square-foot building on a 99,752.4 square-foot lot, zoned PI-Planned Industrial. The main structure features a large shop area encompassing approximately 13,200 square feet, equipped with nine roll-up doors (four measuring 14x14 feet and five measuring 12x14 feet). Currently, a portion of the building is leased, generating a gross annual income of $103,800. Five of the nine available spaces are currently occupied. Upstairs, a recently remodeled 2,700-square-foot space with laminate wood flooring and recessed lighting is available for lease, offering significant potential for increased revenue. The seller estimates that fully leasing the vacant spaces could yield an additional $104,400 annually. A separate 508-square-foot detached office building adds to the property's versatility. The property is subject to a lot line adjustment, resulting in a new tax lot (PTN of tax lot 100). Note that this property is also available for sale separately as part of larger parcels (3.10 acres MLS 24-159, and .81 acres MLS 24-160), requiring simultaneous closing if purchased individually. Showings are by appointment only; please do not disturb tenants. The property was built in 1987. The asking price is $1,641,785.