For Sale
$399,000

1626 Highway 101 Lincoln City, OR 97367

Prime Retail & Tourist Corridor, $399,000

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional investment opportunity encompasses four contiguous tax lots totaling nearly half an acre (20,037.6 sq ft) in Lincoln City, Oregon, at 1626 NE Hwy 101, zip code 97367. Located in the vibrant Ocean Lake District, this property boasts unparalleled visibility and accessibility due to its direct Highway 101 frontage and additional access from NE Lee Pl. The area offers ample street and public parking, contributing to its popularity as a thriving business and tourism hub. Enjoy stunning ocean views, particularly from upper levels, presenting significant potential for vertical development. The zoning permits a wide range of uses, including single-family residences with short-term rental (STR) permits as allowed by the city. This presents a unique blend of residential and commercial possibilities. The property's prime location in a high-traffic retail and tourist corridor makes it an ideal investment for those seeking high returns and diverse development options. The asking price is $399,000.

Highlights

  • $399,000 asking price.
  • Special Purpose property.
  • 20,037.6 sq ft lot size.
  • Located at 1626 NE Hwy 101, Lincoln City, OR 97367.
  • Ocean views; prime retail/tourist location.
  • Zoned for multiple uses, including single-family with STR permits.

Property Details for 1626 Highway 101

Property type
Specialty properties

Location Insight

City
Lincoln City
County
Lincoln
State
Oregon
Latitude
44.976812
Longitude
-124.011457
1626 Highway 101, Lincoln City, Oregon

FAQs

What type of property is this?
Specialty property - Prime Retail & Tourist Corridor, $399,000
Where is the specialty property located?
The property is located at 1626 Highway 101 Lincoln City, OR.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: $399,000 asking price.; Special Purpose property.; 20,037.6 sq ft lot size.
How can I contact the broker?
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1626 Highway 101
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