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    3128 Highway 101 NE Lincoln City, OR 97367

    For Sale
    $1,550,000

    COMMERCIAL - Lincoln City, OR

    Property size:
    15,074 SF
    Lot size:
    1.81 Acres
    Days on Market:
    174
    Last Refresh:
    Dec 14 at 8:06 pm

    Property Features for 3128 Highway 101 NE

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    GC - General Commercial
    Rooms
    Bathroom 1, Bathroom 2
    Bathrooms
    2
    APN
    071102CC-2200-00
    Interior features
    Flat
    Size
    15,074 SF
    Lot size
    1.81 Acres

    Utilities

    Utilities
    Natural Gas Available
    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Water source
    Public

    Building Details

    Year built
    1975
    Floors in Building
    1
    Flooring type
    Tile
    Roof type
    Membrane

    Taylor and Taylor Realty Co. (541) 994-9111 [email protected]

    Listing agent Amy Graham

    Listing date Jun 24, 2025

    Copyright © 2025 Oregon Coast MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Highway Frontage Commercial Opportunity

    This commercial property in Lincoln City, Oregon, presents a significant opportunity with over 15,000 square feet of commercial space and 150 feet of frontage on Highway 101. The property includes an additional 1-acre lot suitable for extra parking or further development. The building has a new roof and gutters with a 20-year warranty. Currently, there is $6,500 in rental income from a tenant on a triple net lease, where the tenant covers property taxes, insurance, and utilities. An additional cottage provides $850 per month in rental income. Both parcels are zoned GC - General Commercial, which allows for various permitted uses, including retail, restaurants, motels and resorts, offices, and mixed-use developments. Prospective buyers should verify future uses with Lincoln City Planning. The property is being sold in 'As Is' condition. The property is located within a federally designated Opportunity Zone. Showings are by appointment only, and tenants or their employees should not be disturbed.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Opportunity zone commercial ...

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lincoln City
    County
    Lincoln
    State
    Oregon
    Longitude
    -124.005067
    Latitude
    44.988152

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    FAQs

    What type of property is this?
    Retail property - Commercial space with highway frontage and additional lot in Lincoln City.
    Where is this retail property located?
    The property is located at 3128 Highway 101 NE Lincoln City, OR.
    What is the asking price?
    The asking price for this property is $1,550,000.
    What are key features of this property?
    This property features: - High-traffic location with 150 feet of Highway 101 frontage.; - Substantial commercial space: Over 15,000 square feet plus an additional 1-acre lot.; - Existing rental income: $6,500/month from a triple net lease, plus $850/month from cottage rental.
    (541) 994-9111
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    3128 Highway 101 NE Lincoln City, OR 97367
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    Lincoln City, OR 97367
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3128 Highway 101 NE Lincoln City, OR 97367
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