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    FOR SALE
    Office Spaces

    2728 Highway 101 NE, Lincoln City, OR 97367

    1,824 SF 0.21 ac lot Built 1965
    Individually Owned 5-yr Hold ~ Est. High Equity
    Property ID
    US71-0679979
    Property summary
    AI-generated overview

    Exceptional investment opportunity in Lincoln City, Oregon. This 3,268 square foot commercial building boasts a prime location on Highway 101, offering approximately 95 feet of high-visibility frontage. The property, built in 1965 and situated on an 8,712 square foot lot, includes 11 rental spaces: eight self-storage units and three business spaces, all currently fully leased to long-term tenants. The upper level comprises three office spaces totaling 1,824 square feet (Unit A: 455 sq ft, Unit B: 914 sq ft, Unit C: 455 sq ft), while the lower level houses the eight storage units, totaling 1,444 square feet. The property generates a substantial gross annual income of $40,344. Showings are by appointment only; please do not disturb tenants. This is a rare chance to acquire a well-established, high-income-producing commercial property in a desirable location. The property is zoned for commercial, executive office, traditional office, and storefront uses. This turnkey investment is ready for a new owner.

    Property profile
    Verified
    Property type Office Spaces
    Use group OFFICE (GENERAL)
    Year built 1965
    Construction WOOD
    Total area 1,824 SF
    Lot 0.21 ac (9,148 SF)
    Zoning code G-C;GENERAL COMMERCIAL
    APN 07-11-11-BB-03601-00
    UPID US71-0679979
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $519k
    Blend (final) Blend
    $505k
    Owner & transaction history
    Thomas A Eastman · 5 yrs held
    Thomas A Eastman
    since 2021
    Last sale
    $442,500
    1 recorded transaction
    2021
    $442,500
    Zoning & alternative use
    G-C;GENERAL COMMERCIAL · Lincoln City, OR
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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