2210 22Nd StLincoln City, OR 97367

Property Details for 2210 22Nd St

Year built

2013

Construction

WOOD

Lot size

0.09 AC

Property size (Sq ft)

4,028 SF

Zone code

G-C;GENERAL COMMERCIAL

Property type

Office properties

Property subtype

Other office properties

APN

07-11-11-BC-01900-00

APU

071111BC0190000

Description

This exceptional 10,018.8 square foot commercial land parcel is located at 2210 NE 22nd Street in Lincoln City, Oregon, zip code 97367. The property, built in 2013, presents a unique opportunity for businesses seeking a prominent location. Currently zoned G-C, it offers significant potential for a variety of commercial uses. The asking price is $749,000, translating to approximately $186 per square foot – a compelling value, especially considering current construction costs. The property's location in Lincoln City ensures high visibility and convenient access to major transportation routes. While previously used as professional office space, the adaptable layout allows for easy conversion to suit diverse business needs. This is an excellent opportunity to establish or expand a business in a thriving Oregon coastal community. The property's size and zoning make it ideal for a range of commercial ventures. Don't miss this chance to acquire a well-situated commercial lot in a desirable location. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $739,995

  6.5%

  $683,072

  7%

  $634,281

• Comparable approach

  Method

  Valuation

  Relative Method

  $634,426

  Geo Method

  $1,032,094

• Alternative Use

  Use

  Valuation

  Residential

  $847,010

  Hospitality

  $775,856

  Educational

  $645,503

  Medical

  $667,703

  Retail

  $1,004,116

Location Insight

City

Lincoln City

County

Lincoln

State

Oregon

Latitude

44.9812

Longitude

-124.005

CBSA code

35440

CBSA name

NEWPORT, OR MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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