$450,000
Toledo, OR 97391
MLS# LC-100067
Status: Closed
4.5 baths | 7100 sqft
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Property Description
Discover the perfect investment opportunity that truly has it all! This Main Street property seamlessly blends artistic charm with practicality, offering a unique combination of retail and residential spaces. Currently leased by a local artist, showcasing an impressive collection of art from Oregon Coast artists. Vibrant and dynamic, this retail space adds character and creativity to the heart of Main Street. Two spacious apartments on the second floor, each approximately 800 sq ft. Both units are currently rented on a month-to-month basis, providing flexibility for new owners. Off-street parking ensures convenience for tenants. Basement area includes additional revenue streams with 14 storage units, rented at $50 per month each. Ample storage space for tenants and the opportunity
Details
Maps
Status Change Information
Status Change Timestamp: 2024-04-10
Purchase Contract Date: 2024-02-20
Close Date: 2024-04-10
Close Price: 450000
Tax & Legal
CC&R's: No
Currently Not Used
Association YN: No
Interior
Basement YN: Yes
Furnished: Unfurnished
Living Area: 7100
Bathrooms Total: 4.5
Building
Year Built Details: Remodel
Year Built: 1908
Lot
Lot Size Dimensions: 50 x 100
Accessory Dwelling Unit YN: Yes
View YN: Yes
Lot Size Acres: 0.11
Lot Size Square Feet: 4791.6
Utilities
Electricity Connected: 1
Natural Gas Connected: 1
Water Available: 1
Remarks
Lincoln Public Historical Details: Fire Sprinklers: None, Utilities: $4950, Building Type: Three + stories, Possession: COE, Lease Information: No Leases/Mth to Mth, Heating: Furnace, Range/Oven: Electric, Specially Assessed: n, Garage Spaces: 0, Garage Remarks: NA, Frontage/View Remarks: Upper Apartment has views to the South; Slough and GP Mill, Sq Ft Remarks: Per Assessor, Ceiling Height: 13' & 16', Alternate Heat:
Accessory Dwelling Unit Information
ADU Bedrooms: 3
Appliances
Dishwasher: 1
Refrigerator: 1
Water Heater: 1
Building and Property Details
Building and Property Condition: Good
Exterior Color: Gray
Maximum Ceiling Height: 16
Washer/Dryer Type: Electric
Construction Materials
Vinyl Siding: 1
Flooring
Carpet: 1
Wood: 1
Other: 1
Foundation Details
Concrete Perimeter: 1
Heating
Natural Gas: 1
Forced Air: 1
Levels
Multi/Split: 1
Listing Terms
1031 Exchange: 1
Cash: 1
Conventional: 1
Lock Box Information
Lock Box Location: 309 N Main St Door
Lock Box Type
LCBR Lock Box: 1
Other Structures
None: 1
Possession
Close Of Escrow: 1
Road Surface Type
Paved: 1
Roof
Composition: 1
Sewer
Public Sewer: 1
Showing Considerations
Occupied: 1
Water Body Type
Slough: 1
Water Heater
Electric: 1
Water Source
Public: 1
Business Details
Equip/FF Incl Y/N: No
List Available Y/N: No
Inventory Included Y/N: No
MDSE/Supp Included Y/N: No
Business Type
Retail: 1
Additional Tax and Location Information
Additional Subdivision Info: Toledo Commercial
Highway 101: East Side
Neighborhood Code: T216
Property Tax ID #: R389721
Subdivision Block: 17
Subdivision Parcel/Lot: Lot 9 & 10 PTNS OF
Subdivision Phase/Addition: 1
Tax District: 204
Showing Requirements
24 Hour Notice: 1
Lockbox: 1
Historical Details
Historical MLS Number: 23-2235
Listing Information
Listing Association Name: Lincoln County BOR
Address
Street Number: 305 & 309
Street Direction Prefix: N
Street Name: Main
Street Suffix: Street
County: Lincoln
State: OR
Postal Code: 97391
Directions: East on Hwy 20, South on Business Loop Hwy 20, South on Main Street. Building on West side on Main Street
Cross Street: US Business Hwy 20
Parcel Number: 111017BB-10200-00
Contract
Current Price: $450,000
Status: Closed
Begin Date: 2023-12-10
Sold Price: $450,000
Listing Agreement: Exclusive Right To Sell
Listing Service: Full Service
Tax Legal
Subdivision Name: Toledo 4th Addition
Tax Annual Amount: 4342.89
Tax Year: 2023
Zoning: C - Commercial
Tax Lot: 10200
Tax Map Number: 111017BB
Parking Information
Parking Total: 3
Property Features
Utilities: Electricity Connected; Natural Gas Connected; Water Available; Electricity Connected; Natural Gas Connected; Water Available
Appliances: Dishwasher; Refrigerator; Water Heater
Business Type: Retail
Construction Materials: Vinyl Siding
Flooring: Carpet; Wood; Other
Foundation Details: Concrete Perimeter
Heating: Natural Gas; Forced Air
Levels: Multi/Split
Listing Terms: 1031 Exchange; Cash; Conventional
Lock Box Type: LCBR Lock Box
Other Structures: None
Possession: Close Of Escrow
Road Surface Type: Paved
Roof: Composition
Sewer: Public Sewer
Water Body Type: Slough
Water Heater: Electric
Water Source: Public
Showing Considerations: Occupied
Showing Requirements: 24 Hour Notice; Lockbox
Supplements
for additional income. Unveiling a hidden secret within this Main Street property is the allure of a SoHo-inspired upper apartment that which feels like modern urban living. Boasting 1875 sq ft of sophisticated design, complemented by an additional 1875 sq ft studio space, this unique offering is a rare find in Toledo.
This penthouse is not just a residence; it's a lifestyle statement. Revel in the extraordinary fusion of on site living and artistic freedom. Seize the opportunity to own a property that offers both a distinctive living space and a rare live/work setup. Don't miss the chance to own a property that effortlessly combines creativity, functionality, and financial stability. Schedule a viewing today and explore the potential of this Main Street gem!
Listing Office: Windermere West Coast Properties
Office Email: newport@windermere.com
Last Updated: December - 13 - 2025
Information deemed reliable but not guaranteed.