Two Contiguous Commercial
1330 NE HWY 101 Lincoln City, OR 97367
1330 NE HWY 101, Lincoln City, OR, 97367
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For Sale
Contact for pricing
Two adjacent, commercially zoned properties with Highway 101 frontage, including a remodeled building and a 4-bed short-term rental-ready home.
Property Size4,172 SF
Price / SF$275.65
Days on Market10
Property Features for 1330 NE HWY 101
General Information
- Standard status
- Active
- Size
- 4,172 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1950
Listing Agency
Taylor & Taylor Realty Co.
(541) 994-9111
Listed by
Dennis Regen · License #810604051
Source
Crexi
Added: Jul 8 Checked: Jul 17 at 5:14 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Taylor & Taylor Realty Co.
Investment Insights
Based on property information with market context.
This sale includes two contiguous, commercially zoned properties. The commercial building at 1330 NE Hwy 101 was formerly operated as a bar and grill and underwent extensive remodeling in 2022, creating a versatile space for a future use.
Also included is the property at 1333 NE Keel Ave, which features a 4-bedroom, 2-bath home with commercial zoning that allows for short-term rental use. The home is currently in the process of remodeling and will require completion, giving a buyer control over finish and final configuration.
Together, the properties provide adjacent, Highway 101-fronting opportunities within a central Lincoln City location, supported by commercial zoning and flexibility for different end uses.
Also included is the property at 1333 NE Keel Ave, which features a 4-bedroom, 2-bath home with commercial zoning that allows for short-term rental use. The home is currently in the process of remodeling and will require completion, giving a buyer control over finish and final configuration.
Together, the properties provide adjacent, Highway 101-fronting opportunities within a central Lincoln City location, supported by commercial zoning and flexibility for different end uses.
Key Highlights
- Two contiguous commercially zoned properties in Lincoln City with Highway 101 frontage
- 1330 NE Hwy 101 commercial building remodeled in 2022; previously operated as a bar and grill
- Includes a 4‑bedroom, 2‑bath home at 1333 NE Keel Ave with commercial zoning for short‑term rental use
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $60.1k | $14.40 |
| − Vacancy | −$2.2k | −$0.53 |
| EGI | $57.9k | $13.87 |
| − OpEx | −$14.5k | −$3.47 |
| NOI | $43.4k | $10.40 |
4,172 SF · lease $14.40/SF/yr · vacancy 3.70% · expense 25.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Two adjacent, commercially zoned properties with Highway 101 frontage, including a remodeled building and a 4-bed short-term rental-ready home.
Where is this conventional restaurant located?
The property is located at 1330 NE HWY 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: Two contiguous commercially zoned properties in Lincoln City with Highway 101 frontage; 1330 NE Hwy 101 commercial building remodeled in 2022; previously operated as a bar and grill; Includes a 4‑bedroom, 2‑bath home at 1333 NE Keel Ave with commercial zoning for short‑term rental use
