2020 NE Hwy 101, Lincoln City, OR 97367 (MLS:17-2700)

Multi-Dwelling

Updated by Doretta Smith,

Property Description 

INVESTORS REJOICE! ! ! So many options for this commercially zone 6 plex plus vacant commercial 50 x 100 lot in back. Rare opportunity – first time on market in 12 years. Great CAP rate with some long term tenants. Quick occupancy with any vacancies. Many repairs and maintenance completed in last few years.

2020 NE Hwy 101, Lincoln City, OR 97367 - Front of units2020 NE Hwy 101, Lincoln City, OR 97367 - Front of units
2020 NE Hwy 101, Lincoln City, OR 97367 - Front of Unit 1
2020 NE Hwy 101, Lincoln City, OR 97367 - Front of Unit 1
  • Status Active 
  • City Lincoln City 
  • County Lincoln 
  • State Oregon 
  • Major Area LCGB - Lincoln City UGB 
  • Area NLNE - Lincoln City NE 
  • Subdivision Raymond Townsite 
  • Parcel Number 071110DA-8800-00 
  • U.S. Highway 101 East Side 
  • Style Chalet 
  • View Ocean 
  • Bedrooms 10 
  • Bathrooms
  • Basement Yes 
  • Ceiling Flat 
  • Flooring Carpet, Vinyl 
  • Heating/Cooling Baseboard - Electric, Other - Heat 
  • Water Heater Electric 
  • Garage Type None 
  • Parking Spaces
  • Street Surface Paved 
  • Roof Compostion 
  • Siding Hardi Plank, Shake 
  • Foundation Concrete Post 
  • Outbuildings Shed 
  • Total Square Feet 2,960 
  • Year Built 1935 
  • Lot Acres 0.33 
  • Lot Size Irregular + 50 X 100 
  • Frontage None 
  • Zoning General Commercial 
  • Water City Property 
  • Sewer City Property 
  • Electric On Property 
  • Gas On Property 
  • Bank/Lender Owned No 
  • Seller's Terms 1031, Cash, Conventional Financing 
  • Price $525,000 
  • Taxes $3,911 
  • MLS Number 17-2700 
  • Phone Number 541-961-6688 
  • Directions NE Highway 101 to address. Just south of Oscars. 

Emerald Coast Realty , Inc Depoe Bay is the listing office. Call Doretta Smith at 541-961-6688 to see this property or obtain more information.