2273 Highway 101Lincoln City, OR 97367

Property Details for 2273 Highway 101

Lot size

0.69 AC

Property size (Sq ft)

1,360 SF

Zone code

G-C;GENERAL COMMERCIAL

Property type

Land

Property subtype

Commercial land

APN

07-11-22-AD-01900-00

APU

071122AD0190000

Description

This exceptional 30,492 square foot commercial property in Lincoln City, Oregon, boasts 210 feet of prime highway frontage on Highway 101. Zoned GC - General Commercial, this lot presents significant development potential. The asking price is $415,500, translating to $13.62 per square foot. Currently generating income from a month-to-month lease of $700 per month for construction equipment storage and an existing billboard generating $3,700 annually. All Site Development Contributions (SDC) fees have been paid, as evidenced by documentation available from City planning. Buyers are responsible for verifying permitted uses with the City and County of Lincoln. This property offers a unique blend of immediate income potential and long-term development opportunities, making it an attractive investment in a desirable Oregon coastal location. The property's location on Highway 101 ensures high visibility and accessibility. The existing income streams provide a solid foundation for immediate return on investment, while the expansive lot size and general commercial zoning allow for a wide range of potential future uses. Detailed information regarding the paid SDC fees is available upon request.

Location Insight

City

Lincoln City

County

Lincoln

State

Oregon

Latitude

44.9519

Longitude

-124.014

CBSA code

35440

CBSA name

NEWPORT, OR MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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