1140 Highway 101Lincoln City, OR 97367

Property Details for 1140 Highway 101

Year built

1984

Construction

WOOD

Lot size

0.14 AC

Property size (Sq ft)

1,130 SF

Zone code

G-C;GENERAL COMMERCIAL

Property type

Office properties

APN

07-11-10-DC-05700-00

APU

071110DC0570000

Description

This single-tenant office building, located at 1140 NE Hwy 101 in Lincoln City, Oregon, presents a unique investment opportunity. The 1,130 square foot building sits on a 0.14-acre lot and boasts excellent visibility due to its Highway 101 frontage in the bustling Oceanlake area of Lincoln City. Constructed in 1984, this one-story structure offers ample parking with six spaces available. The property is zoned GC - General Commercial, providing flexibility for a variety of uses. Interested parties should contact the City of Lincoln City to confirm permitted uses within the GC zoning designation. The entire 1,130 square feet is currently vacant, making it ideal for immediate occupancy. The building's address is 1140 NE Hwy 101, Lincoln City, OR 97367, with a cross street of NE 12th. This property is conveniently located in Lincoln County and offers a rare chance to establish a business in a high-traffic area. Showings are by appointment only.

• CAP approach

  CAP return

  Valuation

  6%

  $207,595

  6.5%

  $191,627

  7%

  $177,939

• Comparable approach

  Method

  Valuation

  Relative Method

  $177,980

  Geo Method

  $289,540

• Alternative Use

  Use

  Valuation

  Residential

  $237,617

  Hospitality

  $217,656

  Educational

  $181,087

  Medical

  $187,315

  Retail

  $281,691

Location Insight

City

Lincoln City

County

Lincoln

State

Oregon

Latitude

44.9737

Longitude

-124.013

CBSA code

35440

CBSA name

NEWPORT, OR MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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