Mixed-Use Retail and Storage
2728 NE HWY 101 Lincoln City, OR 97367
For Sale
$699,000
COMMERCIAL - Lincoln City, OR
Property Size3,648 SF
Lot Size0.20 Acres
Price / SF$191.61
Days on Market100
Property Features for 2728 NE HWY 101
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- GC - General Commercial
- Bathrooms
- 4
- Rooms
- Bathroom 4, Bathroom 2, Bathroom 3, Bathroom 1
- Parking
- 9
- Parking features
- Open
- Standard status
- Active
- APN
- 071111BB-3601-00
- Size
- 3,648 SF
- Lot size
- 0.20 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 4077
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating)
- Water source
- Public
Building Details
- Year built
- 1965
- Floors in Building
- 2
- Flooring type
- Laminate
- Building materials
- Shake Siding, Cedar
- Roof type
- Composition
Listing Agency:
Taylor & Taylor Realty Company
(800) 462-0197
Listed By:
Dennis M Regen · License #810604051
(541) 994-4169
Added: Apr 17
Changed: Jul 24
Last Checked: Jul 25 at 10:06AM
MLS# 26-1009
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.
This fully leased mixed-use building is zoned GC – General Commercial and designed with two levels of income-producing space. On the main highway level, the property includes three retail suites. The lower level provides eight storage units.
The building is centrally located with 95 feet of Highway 101 frontage in NE Lincoln City, supporting retail visibility and access. The listing notes the property is within an Opportunity Zone.
Shown by appointment only and tenants are not to be disturbed. Businesses are not for sale, and the City of Lincoln City Economic Development Department can provide additional Opportunity Zone information.
The building is centrally located with 95 feet of Highway 101 frontage in NE Lincoln City, supporting retail visibility and access. The listing notes the property is within an Opportunity Zone.
Shown by appointment only and tenants are not to be disturbed. Businesses are not for sale, and the City of Lincoln City Economic Development Department can provide additional Opportunity Zone information.
Key Highlights
- Fully leased multipurpose building zoned General Commercial
- 3 retail suites on the main highway level plus 8 storage units on the lower level
- 95 feet of Highway 101 frontage in NE Lincoln City; centrally located in a high‑traffic area
Financial Insights For Warehouse
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 | $54.7k | $15.00 |
| − Vacancy | −$2.0k | −$0.56 |
| EGI | $52.7k | $14.45 |
| − OpEx | −$7.9k | −$2.17 |
| NOI | $44.8k | $12.28 |
3,648 SF · lease $15.00/SF/yr · vacancy 3.70% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$639.9K
$559.9K – $746.5K
NOI $44,791 @ 7.0% cap · market cap 6.41%
Second Best
Retail
$634.2K
$555.0K – $740.0K
NOI $44,397 @ 7.0% cap · market cap 6.35%
Theoretical Best
Office A
$951.5K
$832.6K – $1.11M
NOI $66,606 @ 7.0% cap · market cap 9.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
FAQs
What type of property is this?
Retail space - Fully leased building offers three main-level retail suites and eight storage units under GC zoning.
Where is this retail space located?
The property is located at 2728 NE HWY 101 Lincoln City, OR.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Fully leased multipurpose building zoned General Commercial; 3 retail suites on the main highway level plus 8 storage units on the lower level; 95 feet of Highway 101 frontage in NE Lincoln City; centrally located in a high‑traffic area
