1330 NE Hwy 101/1333 NE Keel Ave

Lincoln City, OR, 97367

$1,300,000

$309 per ft²
$1,300,000
$309 per ft²
Active
Active
 - For Sale
carpenters-square
4,204 ft²
property_type
Commercial
calendar
Built 1950
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. Also includes the adjacent property 1333 NE Keel Ave - a 4 bedroom, 2 bathroom home zoned to allow short-term rentals and in the process of being completely remodeled. Meredith Lodging projected Gross Annual Revenue $45,000 - $65,000 for short-term rentals. The commercial building is located at 1330 NE Hwy 101 in Lincoln City. The residential home is located on the adjacent property to the north, at 1333 NE Keel Ave in Lincoln City.
MLS® ID:
22-1997
Updated:
10/7/22
Cascade | Sotheby’s International Realty
Seth Belsey

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Floor Description
Other
Cooling
HVAC Cool
Heating
Ductless Heat Pump

Exterior/Building Features

Lot Size
10,350 ft² lot
Roof
Membrane
Sewer
City

Other Property Details

Taxes
$6067.63
Tax Frequency
per YEAR
Garage
No
Parking
0, None
View
Y
County
Lincoln
Utilities
On Property
Water Source
City
Pool
No
Zoning
OP-MSH Main Street Highway

 

Courtesy of Taylor & Taylor Realty Company

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Seth Belsey shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2022 Lincoln County Board of REALTORS. All rights reserved.

Cascade | Sotheby’s International Realty
Seth Belsey
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