1330 Hwy 101 Ne, Lincoln City, OR 97367

$799,000
2
BA
2,556
SqFt
List Price
$799,000
MLS#
22-2046
Region
Lincoln City Ne
Subdivision
Raymond Townsite
Year Built
1950

Property Description

Investment opportunity awaits you! This property features commercial real estate currently setup for a bar and grill that has been completely remodeled. Only the real estate is for sale, business is tenant owned. Real estate is currently leased with a five year triple net lease. Lease amount is $44,400 per year with a 3% increase per year. Conveniently located in the heart of Lincoln City near shopping, restaurants, casino, and miles of sandy beaches. Adjacent residential home is also for sale, see MLS#22-2047. Or purchase both properties together, see MLS# 22-1997 & 22-2003.

Additional Information

Tax Amount
$4,357
Tax Year
2021
Zoning
OP-MSH Main Street Highway
Living Area
2,556

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Taylor & Taylor Realty Company.