$1,500,000
Lincoln City, OR 97367
MLS# LC-103307
Status: Closed
2 baths | 15074 sqft
1 / 35
Property Description
Great Commercial Opportunity in a fantastic location of Lincoln City! Over 15,000 square feet of commercial space, 150 feet of Highway 101 frontage, PLUS additional 1 acre lot for extra parking or development. New Roof & gutters with 20 year warranty! 6,500 rental income is on a triple net lease (Tenant pays property taxes, Insurance and Utilities). Additional cottage rents for 850/month. Both parcels are zoned GC with permitted uses including: Retail, restaurant, motels and resorts, offices, mixed use development, and more (see list in Documents.) Buyer to verify future uses with Lincoln City Planning. Property is being sold in 'As Is' condition. Please do not disturb tenants or their employees, showings by appointment. Property is within the federally designated Opportunity Zone!
Details
Maps
Documents
Status Change Information
Status Change Timestamp: 2026-01-30
Purchase Contract Date: 2025-12-13
Close Date: 2026-01-30
Close Price: 1500000
Tax & Legal
CC&R's: No
Currently Not Used
Association YN: No
Building
Year Built Source: Assessor
Year Built Details: per County
Accessibility Features YN: No
Year Built: 1975
Stories Total: 1
Lot
Lot Size Dimensions: Irreg. (plat in docs)
Water Body Access YN: No
Accessory Dwelling Unit YN: No
Lot Size Acres: 1.81
Lot Size Square Feet: 78843.6
Utilities
Electricity Connected: 1
Natural Gas Connected: 1
Water Available: 1
Remarks
Lincoln Public Historical Details: Building Type: Com/Warehouse/Retail, Possession: COE +60, Heating: Furnace, Specially Assessed: N, Garage Spaces: 0, Frontage/View Remarks: 150' Hwy 101 Frontage, Sq Ft Remarks: inc1034 sqft cottage, Alternate Heat:
Appliances
Water Heater: 1
Building and Property Details
Building and Property Condition: Average
Construction Materials
Other: 1
Flooring
Tile: 1
Foundation Details
Slab: 1
Heating
Natural Gas: 1
Levels
One: 1
Listing Terms
1031 Exchange: 1
Cash: 1
Conventional: 1
Parking Features
Off Street: 1
Possession
Subject To Tenant Rights: 1
Road Frontage Type
Highway: 1
Road Responsibility
Public Maintained Road: 1
Road Surface Type
Paved: 1
Roof
Membrane: 1
Sewer
Public Sewer: 1
Showing Considerations
Occupied: 1
Special Listing Conditions
Standard: 1
Water Body View
No: 1
Water Heater
Electric: 1
Water Source
Public: 1
Income and Expenses
Gross Income: 78000
Total Actual Rent: 6500
Tenant Pays
All Utilities: 1
Taxes: 1
Other: 1
Business Details
Equip/FF Incl Y/N: No
Business Type
Retail: 1
Existing Lease Type
NNN: 1
Location of Property
Central Business District: 1
City: 1
Corner Lot: 1
Sale Includes
Building: 1
Additional Tax and Location Information
Additional Tax ID #s: R350051
Highway 101: East Side
Neighborhood Code: L116
Property Tax ID #: R306470
Tax District: 402
Tax Remarks: R306470: 17,218.87 + R350051: 2,257.08 = 19,475.95
Showing Requirements
Appointment Only: 1
Call Listing Agent: 1
Documents
Plat Map: 1
Historical Details
Historical MLS Number: 25-1204
Listing Information
Listing Association Name: Lincoln County BOR
Property Sub Type: Retail
Address
Street Number: 3128
Street Direction Prefix: NE
Street Name: Hwy 101
County: Lincoln
State: OR
Postal Code: 97367
Directions: Property is located on the corner of Hwy 101 and NE Holmes Rd. Vacant Lot / Additional Parking Lot is located off NE Holmes Rd across the street from the Commercial Building.
Cross Street: NE Holmes Rd
Parcel Number: 071102CC-2200-00
Contract
Current Price: $1,500,000
Status: Closed
Begin Date: 2025-05-27
Sold Price: $1,500,000
Listing Agreement: Exclusive Right To Sell
Listing Service: Full Service
Tax Legal
Subdivision Name: N/A
Tax Annual Amount: 19475.95
Tax Year: 2024
Zoning: GC - General Commercial
Tax Lot: 2200
Tax Map Number: 071102CC
Interior
Above Grade Finished Area: 15074
Living Area: 15074
Building Area Source: Assessor
Bathrooms Total: 2
Parking Information
Parking Total: 42
Unit Details
Number Of Units Leased: 2
Property Features
Utilities: Electricity Connected; Natural Gas Connected; Water Available; Electricity Connected; Natural Gas Connected; Water Available
Appliances: Water Heater
Business Type: Retail
Construction Materials: Other
Existing Lease Type: NNN
Flooring: Tile
Foundation Details: Slab
Heating: Natural Gas
Levels: One
Listing Terms: 1031 Exchange; Cash; Conventional
Location of Property: Central Business District; Corner Lot
Parking Features: Off Street
Possession: Subject To Tenant Rights
Road Frontage Type: Highway
Road Responsibility: Public Maintained Road
Road Surface Type: Paved
Roof: Membrane
Sale Includes: Building
Sewer: Public Sewer
Special Listing Conditions: Standard
Tenant Pays: All Utilities; Taxes; Other
Water Body View: No
Water Heater: Electric
Water Source: Public
Showing Considerations: Occupied
Showing Requirements: Appointment Only; Call Listing Agent
Documents: Plat Map
Overlay Map Listing Office: Taylor & Taylor Realty Company
Office Email: rebroker.geraldaldrich@gmail.com
Last Updated: January - 30 - 2026
Information deemed reliable but not guaranteed.