Dual-Use Storefront
For Sale
$599,000
3110 SE Hwy 101, Lincoln City, OR 97367
Commercial Sale, Lincoln City, OR
Property Size2,000 SF
Lot Size0.27 Acres
Price / SF$299.50
Days on Market405
Property Features for 3110 SE Hwy 101
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
NBD - Nelscott Business D
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Appliances
Water Heater, Water Heater
Subdivision
Nelscott Beach
Directions
Hwy 101 East side at SE 31st St in Nelscott Business District
Standard status
Active
APN
071122DC-3600-00
Size
2,000 SF
Lot size
0.27 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
4108
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Natural Gas
Water source
Public
Water front
1
Amenities
bonus storage area
Building Details
Year built
1934
Floors in Building
2
Building materials
Aluminum Siding
Roof type
Membrane, Composition
Buildings
1
Listing Agency:
Far West Realty Company
(541) 614-0338
Listed By:
Christine Hansen · License #201217312
(541) 961-4329
Added: Sep 21, 2025
Changed: Oct 29
Last Checked: Oct 30 at 12:06AM
MLS# LC-104905
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.
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Investment Insights
Based on property information with market context.
This standalone storefront contains 2,000 square feet, with additional storage on the second level. Its occupancy certification covers both business and mercantile use. West-facing windows bring natural light into the space, and a Ruud gas furnace provides heat. The roof, gutters, and skylights were updated in 2022; the building dates to 1934.
The 0.27-acre property fronts Hwy 101 in Lincoln City’s Nelscott Business District and is zoned NBD - Nelscott Business D. Public water and sewer are available. An appraisal and Phase 1 environmental report are available on request.
The 0.27-acre property fronts Hwy 101 in Lincoln City’s Nelscott Business District and is zoned NBD - Nelscott Business D. Public water and sewer are available. An appraisal and Phase 1 environmental report are available on request.
Key Highlights
- 2,000‑square‑foot standalone storefront with second‑level storage
- Certified for both business and mercantile occupancy
- 0.27‑acre site with Hwy 101 frontage in the Nelscott Business District
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,341
Cap Rate
4.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$486,820
$486.8K
Cap Rate 7%
$347,729
$347.7K
Cap Rate 9%
$270,456
$270.5K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$36.0K $18.00/SF
− Vacancy
−$1.2K −$0.61/SF
EGI
$34.8K $17.39/SF
− OpEx
−$10.4K −$5.22/SF
NOI
$24.3K $12.17/SF
Area
Lincoln County, OR
Vacancy
3.41%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$486,820
Cap Rate 7%
$347,729
Cap Rate 9%
$270,456
Alternative Uses
Best Use
Retail
$347.7K
$304.3K – $405.7K
NOI $24,341 @ 7.0% cap · market cap 4.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$521.7K
$456.5K – $608.6K
NOI $36,516 @ 7.0% cap · market cap 6.10%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
162
Businesses Nearby
Well-served
Demand for This Use
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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
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Storefront property - Certified for business and mercantile occupancy, the property has a separate storage area on its second level.
Where is this storefront property located?
The property is located at 3110 SE Hwy 101 Lincoln City, OR.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 2,000‑square‑foot standalone storefront with second‑level storage; Certified for both business and mercantile occupancy; 0.27‑acre site with Hwy 101 frontage in the Nelscott Business District
