2795 23rd Dr Lincoln City, OR 97367-2234
- Retail properties
- 11,000 SF
- 3.10 lot acres
Current Use by Public Records
- Retail properties
Property Details for 2795 23rd Dr
- Year built
- 1987
- Lot size
- 3.10 lot acres
- Property size
- 11,000 SF
- Zone code
- I-P;PLANNED INDUSTRIAL
- Property type
- Retail properties
- APN
- 07-11-23-CA-00100-00
- APU
- 071123CA0010000
Description
Exceptional investment opportunity in Lincoln City, Oregon! This 3.1-acre property features a 13,708 square foot commercial building, zoned PI-Planned Industrial. The main structure boasts 13,200 square feet of shop space with nine roll-up doors (four 14x14, five 12x14), ideal for various uses. Upstairs, 2,700 square feet of recently remodeled office space with laminate wood flooring and recessed lighting is currently vacant. A detached 508 square foot office building adds to the versatility. Currently generating $103,800 in annual gross rent (five of nine spaces occupied), the property offers significant upside potential with an estimated $104,400 annual income from fully leased spaces. Built in 1987, this property sits on a 135,036 square foot lot and is offered as a whole or potentially subdivided into two parcels (2.29 acres and 0.81 acres, requiring separate surveys and simultaneous closing). Showings are by appointment only to avoid disturbing tenants. Asking price: $1,900,000.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Lincoln City
- County
- Lincoln
- State
- Oregon
- Longitude
- -124
- Latitude
- 44.9496
- CBSA code
- 35440
- CBSA name
- NEWPORT, OR MICROPOLITAN STATISTICAL AREA
