3128 Hwy 101, Lincoln City, OR 97367-4951

This exceptional Lincoln City investment opportunity presents two commercial buildings totaling over 15,000 square feet situated on a substantial 78,843.6 square foot lot. Boasting 150 feet of coveted Highway 101 frontage, the property includes an additional acre for ample parking or future development. The main buildings generate a consistent $6,500 monthly rental income under a triple-net lease (tenant responsible for property taxes, insurance, and utilities). A separate cottage adds another $850 per month to the rental revenue stream. Both parcels are zoned GC (General Commercial), allowing for a diverse range of uses including retail, restaurants, motels/resorts, offices, and mixed-use developments. A detailed list of permitted uses is available. Prospective buyers are advised to independently verify future use possibilities with Lincoln City Planning. The property features a recently installed roof with a 20-year warranty. The sale is conducted "as is." Showings are strictly by appointment only; please refrain from disturbing tenants or employees. This property is located within a federally designated Opportunity Zone, presenting potential tax advantages. Built in 1975, the property consists of two buildings with two units. The asking price is $1,495,000.