19500 T/L Hwy Lincoln City, OR 97367

Property Details for 19500 T/L Hwy

Property type

Specialty properties

Description

This exceptional 4,356 square foot commercial lot presents a unique investment opportunity in Lincoln City's vibrant Oceanlake District. Located at 19500 T/L NE Hwy 101, this property boasts a highly desirable location adjacent to the Bijou Theatre, ensuring high visibility and foot traffic within a bustling tourist corridor. The zoning allows for a multitude of commercial uses, providing considerable flexibility for potential development. Future construction could capitalize on breathtaking ocean views, achievable from a second or third story, subject to the 35-foot height limit. Conveniently situated with utilities readily available at the street, the lot also benefits from easement access from the rear, facilitating the addition of extra parking. This presents a compelling standalone investment, but the potential is further enhanced by the availability of three additional ocean-view lots behind the subject property. These adjacent lots, also for sale, offer the exciting possibility of a larger-scale development combining commercial and short-term rental (STR) permitted residential uses. This prime location and versatile zoning make this an exceptional opportunity for a savvy investor seeking a high-return property in a thriving coastal Oregon community. The property is situated in Lincoln County, Oregon, with a 97367 zip code.