1626 Highway 101Lincoln City, OR 97367

Property Details for 1626 Highway 101

Year built

2007

Lot size

0.10 AC

Zone code

OP(MSH)

Property type

Commercial real estate

APN

07-11-10-DB-19500-00

APU

071110DB1950000

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $915,982

  Hospitality

  $839,034

  Educational

  $698,067

  Medical

  $722,074

  Retail

  $1,085,881

Location Insight

City

Lincoln City

County

Lincoln

State

Oregon

Latitude

44.9768

Longitude

-124.011

CBSA code

35440

CBSA name

NEWPORT, OR MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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