Property profile

2817 23rd Dr Lincoln City, OR 97367

OFF-MARKET
Retail properties & Spaces
Property ID
US71-1838224
4,620 SF 2.35 ac lot Built 1972
Entity Owned 19-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional opportunity presents a well-established marine and dock construction business for sale in Lincoln City, Oregon. The asking price of $180,000 includes the business, its extensive inventory of tools and equipment (including a pile driver, 2008 Ford F450 truck, boat and trailer, reach-all, backhoe, and two additional trailers), and a substantial amount of materials. The business boasts an impressive client base exceeding 400 customers, many of whom are repeat clients, and holds an exclusive distributorship for Aqua Lift on Devils Lake. A significant asset is a current $6,600 annual contract with the Devils Lake Water Improvement District. The sale also offers the potential for a five-year lease on the existing 1,200 square foot shop space, featuring an office, loft storage, and restroom, at a monthly rate of $2,500 plus utilities. The property itself, built in 1972, sits on a large 102,366 square foot lot. This turnkey operation is ideally suited for a buyer seeking an established business with significant assets and a loyal customer base in a desirable coastal location. The property is zoned for traditional office use and is located at 2817 SE 23rd Drive, Lincoln City, OR 97367.

Property profile

Verified
Property type Retail properties & Spaces
Use group SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built 1972
Total area 4,620 SF
Lot 2.35 ac (102,366 SF)
Zoning code I-P;PLANNED INDUSTRIAL
APN 07-11-23-00-01201-00
UPID US71-1838224

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2817 23rd Dr Lincoln City, OR 97367-2226
Lincoln City metro Census 950401 NEWPORT, OR MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$618k
Blend (final) Blend
$210k

Owner & transaction history

since 2007
1 recorded transaction
2007
$155,000

Zoning & alternative use

I-P;PLANNED INDUSTRIAL · Lincoln City, OR

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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