6305 Highway 101Lincoln City, OR 97367

Property Details for 6305 Highway 101

Year built

1964

Construction

WOOD

Lot size

1.70 AC

Property size (Sq ft)

3,400 SF

Zone code

G-C;GENERAL COMMERCIAL

Property type

Retail properties

Property subtype

Retail space

APN

07-11-34-DA-05000-00

APU

071134DA0500000

Description

This exceptional commercial property, located at 6305 SW Highway 101 in Lincoln City, Oregon, presents a significant investment opportunity. Boasting 21,020 square feet of building space situated on a 2.03-acre lot (88,426.8 sq ft), this property offers a versatile mix of retail space, warehouse facilities, and a separate detached warehouse. Built in 1964, the property benefits from a highly visible 326 feet of frontage along Highway 101, ensuring excellent exposure to a substantial volume of traffic. The property's General Commercial zoning provides flexibility for a range of business ventures. Its established presence in a high-traffic area of Lincoln City, within the Cutler City area, speaks to its enduring appeal and potential for continued success. The asking price is $2,250,000. Showings are by appointment only, and the seller retains the right to impose restrictions on future property uses. This is a rare opportunity to acquire a well-positioned commercial property in a thriving Oregon coastal community. The property's size and location make it ideal for a variety of commercial uses. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $918,196

  6.5%

  $847,566

  7%

  $787,025

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,349,495

  Geo Method

  $2,195,379

• Alternative Use

  Use

  Valuation

  Residential

  $714,953

  Hospitality

  $654,894

  Educational

  $544,864

  Medical

  $563,602

  Retail

  $847,566

Location Insight

City

Lincoln City

County

Lincoln

State

Oregon

Latitude

44.919

Longitude

-124.011

CBSA code

35440

CBSA name

NEWPORT, OR MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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