3469 NW Highway 101Lincoln City, OR97367

$1,200,000
1 total units
5573 sq. ft
0.38 acres
Zoning: C-2 General Com
95 days on market

VestorFilter™

Price per ft²$215.32/ft²
Price per acre$3.16M/ac
Time on market95 days

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.

Financial Data

Date Sold2024-03-15
Sold Price$1,200,000
Original Price$1,200,000
Current Price$1,200,000
Property Taxes$15,510

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Home Facts

StatusClosed
Year Built2006
MLS ID220176276