$1,200,000
$1,200,000
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3469 Highway 101 Lincoln City, OR 97367
5,573 SqFt
Key Details
Sold Price $1,200,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 5,573 sqft
Price per Sqft $215
MLS Listing ID 220176276
Sold Date 03/15/24
Year Built 2006
Annual Tax Amount $15,510
Lot Size 0.380 Acres
Acres 0.38
Lot Dimensions 0.38
Property Description
Exceptional Oregon Coast Investment
Introducing 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.
Location
State OR
County Lincoln
Interior
Heating Forced Air
Cooling Central Air
Exterior
Parking Features Parking Lot
Roof Type Composition
Building
Entry Level Two
Foundation Block
Water Public
Structure Type Frame
New Construction No
Others
Senior Community No
Tax ID R457630
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
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