Restaurant Property with Highway
For Sale
Under Contract
$1,150,000
1330 NE Highway 101, Lincoln City, OR 97367
Commercial Sale, Lincoln City, OR
Property Size4,172 SF
Lot Size0.23 Acres
Price / SF$275.65
Days on Market93
Property Features for 1330 NE Highway 101
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
OP-MSH Main Street Highwa
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4
Parking
9
Window features
Double Pane Windows, Vinyl Frames
Lot features
Level
View
Ocean
Directions
Along Highway 101 frontage between NE 13th Street and NE 14th Street in Lincoln City.
Standard status
Active Under Contract
APN
07-11-10-DC-03400-00
Size
4,172 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
8560
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Ductless (Heating), Heat Pump (Heating)
Cooling system
Electric
Water source
Public
Building Details
Year built
1950
Floors in Building
3
Building materials
Concrete, HardiPlank Type
Roof type
Composition, Membrane
Listing Agency:
Taylor & Taylor Realty Company
(800) 462-0197
Listed By:
Dennis M Regen · License #810604051
(541) 994-4169
Added: Jul 6
Changed: Oct 3
Last Checked: Oct 6 at 8:06PM
MLS# 26-1869
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
The offering pairs a 4,172-square-foot commercial building at 1330 NE Highway 101 with a neighboring property at 1333 NE Keel Ave. The restaurant building was remodeled during 2022–23 and previously operated as a bar and grill. Its reported construction materials include concrete and HardiPlank Type, with electric cooling and ductless, heat-pump, and electric heating systems.
The second property contains a four-bedroom, two-bath home. Remodeling is underway, and the work remains to be completed. The home has commercial zoning that permits short-term rental use. Both properties are in Lincoln City, and the commercial building has frontage on Highway 101.
The second property contains a four-bedroom, two-bath home. Remodeling is underway, and the work remains to be completed. The home has commercial zoning that permits short-term rental use. Both properties are in Lincoln City, and the commercial building has frontage on Highway 101.
Key Highlights
- 4,172‑square‑foot commercial building
- Restaurant building remodeled during 2022–23
- Previously operated as a bar and grill
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,390
Cap Rate
3.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$867,800
$867.8K
Cap Rate 7%
$619,857
$619.9K
Cap Rate 9%
$482,111
$482.1K
Market Conditions
NOI Build-Up for 4,172 SF
Gross rent
$60.1K $14.40/SF
− Vacancy
−$2.2K −$0.53/SF
EGI
$57.9K $13.87/SF
− OpEx
−$14.5K −$3.47/SF
NOI
$43.4K $10.40/SF
Area
Lincoln County, OR
Vacancy
3.70%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$867,800
Cap Rate 7%
$619,857
Cap Rate 9%
$482,111
Alternative Uses
Best Use
Specialty Retail
$619.9K
$542.4K – $723.2K
NOI $43,390 @ 7.0% cap · market cap 3.77%
Second Best
Apartment 5plus
$511.4K
$447.5K – $596.6K
NOI $35,797 @ 7.0% cap · market cap 3.11%
Theoretical Best
Office A
$1.09M
$952.2K – $1.27M
NOI $76,173 @ 7.0% cap · market cap 6.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
421
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 97367, OR
11,095
Population
8,138
Households
1.4
Avg Household Size
53
Median Age
29%
College-Educated
91%
High-School Grad
45.7 sq mi
ZIP Area
243
Density / Sq Mi
$58,845
Median Household Income
$37,370
Median Earnings
$1,333
Median Rent
$388,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - A second commercially zoned parcel includes a four-bedroom home being remodeled for short-term rental use.
Where is this conventional restaurant located?
The property is located at 1330 NE Highway 101 Lincoln City, OR.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 4,172‑square‑foot commercial building; Restaurant building remodeled during 2022–23; Previously operated as a bar and grill
