5111 SW Highway 101, Lincoln City, OR 97367 (MLS# LC-98133)

$529,000

5111 SW Highway 101
Lincoln City, OR 97367
MLS# LC-98133
Status: Closed
2 baths | 6702 sqft

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Property Description
Price slashed down to $89.51 sq ft! This commercial building is in a PRIME and highly visible location! Located on Highway 101 in the historic area of Taft. Approximately 75 feet of Highway frontage. The possibilities here are endless with the TVC zoning that provides for a wide variety of uses including an outright use for vacation rentals, restaurant, retail, mixed use and more. See the documents tab for all the allowed uses in the TVC zoning. Parking lot for up to 8 vehicles with public parking close by. 7x7 loading dock door. Conveniently close to public beach access and bay access, with a plethera of restaurants, shopping mall, Salishan shops, coffee shops and more. What more could you ask for?! Environmental report on file for qualified buyers. Call to schedule your showing today

Details

Maps

Documents

Status Change Information

Status Change Timestamp: 2024-08-07

Price Change Timestamp: 2023-11-19T17:25:48Z

Purchase Contract Date: 2024-01-12

Close Date: 2024-08-06

Close Price: 529000

Tax & Legal

CC&R's: No

Currently Not Used

Association YN: No

Interior

Furnished: Unfurnished

Living Area: 6702

Bathrooms Total: 2

Building

Year Built Details: Unknown w county

Lot

View YN: Yes

Lot Size Acres: 0.17

Lot Size Square Feet: 7405.2

Waterfront YN: 1

Utilities

Electricity Connected: 1

Natural Gas Connected: 1

Water Available: 1

Water Connected: 1

Remarks

Lincoln Public Historical Details: Elevator: No, Building Type: Warehouse, Possession: Negotiable, Heating: Furnace, Specially Assessed: N, Garage Spaces: 0, Alternate Heat:

Building and Property Details

Building and Property Condition: Fair

Construction Materials

Cedar: 1

Lap Siding: 1

Flooring

Other: 1

Foundation Details

Concrete Perimeter: 1

Levels

One: 1

Listing Terms

Cash: 1

Conventional: 1

Lock Box Type

LCBR Lock Box: 1

Other Structures

None: 1

Possession

Negotiable: 1

Road Frontage Type

Highway: 1

Road Surface Type

Paved: 1

Roof

Flat: 1

Rolled/Hot Mop: 1

Sewer

Public Sewer: 1

Water Body Type

Bay: 1

Ocean: 1

Water Source

Public: 1

Business Details

UCC Filing Required: No

Equip/FF Incl Y/N: No

List Available Y/N: No

Inventory Included Y/N: No

MDSE/Supp Included Y/N: No

Business Type

Commercial: 1

Paints: 1

Additional Tax and Location Information

Additional Tax ID #s: R94155

Highway 101: West Side

Neighborhood Code: L316

Property Tax ID #: R91718

Tax District: 402

Tax Remarks: Taxes are for both lots combined.

Showing Requirements

Appointment Only: 1

Call Listing Office: 1

Lockbox: 1

Historical Details

Historical MLS Number: 23-289

Listing Information

Listing Association Name: Lincoln County BOR

Address

Street Number: 5111

Street Direction Prefix: SW

Street Name: Highway 101

County: Lincoln

State: OR

Postal Code: 97367

Directions: From Highway 101, turn onto SW 51st St. and building is located on your left hand side. See signs.

Cross Street: 51st Street SE

Parcel Number: 071134AA-3101-00

Contract

Current Price: $529,000

Status: Closed

Begin Date: 2023-02-27

Sold Price: $529,000

Listing Agreement: Exclusive Right To Sell

Listing Service: Full Service

Tax Legal

Subdivision Name: N/A

Tax Annual Amount: 6822.51

Tax Year: 2023

Zoning: TVC - Taft Village Core

Tax Lot: 3101

Tax Map Number: 071134AA

Parking Information

Parking Total: 8

Property Features

Utilities: Electricity Connected; Natural Gas Connected; Water Available; Water Connected; Electricity Connected; Natural Gas Connected; Water Available; Water Connected

Business Type: Commercial; Paints

Construction Materials: Cedar; Lap Siding

Flooring: Other

Foundation Details: Concrete Perimeter

Levels: One

Listing Terms: Cash; Conventional

Lock Box Type: LCBR Lock Box

Other Structures: None

Possession: Negotiable

Road Frontage Type: Highway

Road Surface Type: Paved

Roof: Flat; Rolled/Hot Mop