2728 Highway 101 NE, Lincoln City, OR 97367
For Sale
1 / 12
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
G-C;GENERAL COMMERCIAL · Lincoln City, ORLincoln City. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.