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3469 NW Highway 101, Lincoln City, OR 97367
$1,200,000
3469 NW Highway 101, Lincoln City, OR 97367View this property at 3469 NW Highway 101, Lincoln City, OR 97367
3469 NW Highway 101Lincoln CityOR97367
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Property Description
Exceptional Oregon Coast InvestmentIntroducing an exceptional investment opportunity in Lincoln City at 3469/3489 NW Hwy. 101. This attractive office building boasts an attractive cap rate of 6.42%, offering investors a healthy return. The property is 100% leased to two tenants, Western Title and Escrow and Dr. Robert L. Oksenholt (dba Dr. Bob Health Centre), both under triple net leases, ensuring a stable income stream.The building features a tasteful and well-designed interior with high-quality finishes, creating a professional and inviting atmosphere. Tenants enjoy prominent visibility with monument signage, maximizing exposure on bustling Hwy. 101. Situated on the Oregon Coast, mere moments from the beach, the location combines modern architecture with coastal charm, appealing to both tenants and investors alike.
Full Property Details
Full Property Details for 3469 NW Hwy 101
General
- Sold For: $1,200,000
- Taxes: $15,510 (2023)
- Status: Closed
- Type: Commercial
- MLS ID: 220176276
- Added to Site: 116 day(s) ago
Interior
- Flooring: Carpet, Tile
Parking
- Total Spaces: 19
- Parking: Parking Lot
Location
- Area: 5573
- County: Lincoln
- Subdivision: N/A
- Cross Streets: NW 34th St.
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Forced Air
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Public Utilities
Structural Information
- Construction: Frame
- Foundation: Block
- Roof: Composition
- Common Walls: No Common Walls
- Square Feet: 5,573
- Sq. Ft. Source: Assessor
- Year Built: 2006
Lot Features
- Lot Size (Acres): 0.38
- Lot Size (Sq. Ft.): 16,553
- Zoning: C-2 General Com
Financial Considerations
- Price Per Sq. Ft.: $215
- Tax Amount: $15,510.19
- Tax Year: 2023
- Terms: Cash, Conventional
Disclosures and Reports
- Special Conditions: Standard
- APN: R457630
- Section: Not Applicable
- Block: 2
Listed and Sold by Compass Commercial Real Estate (541) 383-2444, Grant W Schultz (541) 480-9873
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Schools
Schools serving 3469 NW Hwy 101
School District:Lincoln County School District
Rating | Name | Grades | Distance |
---|---|---|---|
Oceanlake Elementary School
2420 Ne 22nd St, Lincoln City, OR 97367 | K-6 | 0.7 mi | |
4040 Se High School Dr, Lincoln City, OR 97367 | K-6 | 3.8 mi | |
3780 Se Spy Glass Ridge Dr, Lincoln City, OR 97367 | 7-12 | 3.7 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 3469 NW Hwy 101
Date
Details
Price
Change
Source
3/15/2024
Sold
$1,200,000
—
MLS
1/24/2024
Listed
$1,200,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
3469 NW Highway 101, Lincoln City, OR 97367 (MLS# 220176276) is a Commercial property that was sold at $1,200,000 on March 15, 2024. Want to learn more about 3469 NW Highway 101? Do you have questions about finding other Commercial real estate for sale in Lincoln City? You can browse all Lincoln City real estate or contact a Coldwell Banker agent to request more information.