1333 NE Keel Ave/1330 NE Hwy 101

Lincoln City, OR, 97367

$1,300,000

$309 per ft²
$1,300,000
$309 per ft²
Active
Active
 - For Sale
beds
4 Beds
baths
2 Baths
carpenters-square
4,204 ft²
property_type
Other
calendar
Built 1950
Investment opportunity awaits you! This property features a 4 bedroom, 2 bathroom home zoned to allow short-term rentals in the process of being completely remodeled. Meredith Lodging projected Gross Annual Revenue $45,000 - $65,000 for short-term rentals. Also includes commercial real estate that is currently setup a for 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. The commercial building is located at 1330 NE Hwy 101 in Lincoln City. The residential home is located at 1333 NE Keel Ave in Lincoln City.
MLS® ID:
22-2003
Updated:
10/7/22
Cascade | Sotheby’s International Realty
Seth Belsey

Interior Features

Total Bedrooms
4
Total Bathrooms
2
Interior Features
Dishwasher, Microwave, Refrigerator
Floor Description
Vinyl

Exterior/Building Features

Lot Size
10,454 ft² lot
Architectural Style
Traditional
Lot Details
Dimensions Above
Sewer
City

Other Property Details

Area Name
Lincoln City NE
Taxes
$6067.63
Tax Frequency
per YEAR
Garage
Yes
Parking
Attached
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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