$489,000
4756 SW Hwy 101
Lincoln City, OR 97367
MLS# 20-2071
Status: Pending - Continue to Show
2 beds  |  2 baths  |  2652 sqft


4756 SW Hwy 101, Lincoln City, OR 97367
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Property Description
Price reduced $10K. Sellers are highly motivated and will entertain all offers. Currently a successful business on HWY 101 downstairs. 2 bed apartment upstairs renting for $1800/ Monthly and Business down stairs leases for $2500/Monthly making this a highly desirable situation. Let the rent help you pay for the property. Highly visible location close to shops and the beach. 15 car parking lot can be built on for additional apartments or rental units. Call today to schedule your appointment to look at it or simply stop by and check it out. Business is open to the public.

Details
Maps
Documents
Contract Information
Current Price: $489,000
List Price: $489,000
Begin Date: 2020-09-24
Listing Type: Exclusive Right To Sell
Bank/Lender Owned?: No
Short Sale: No
3rd Party Approval: No
General Property Description
Major Area: Lincoln City
Minor Area: Lincoln City SE
Frontage: Highway
Primary View: None
Secondary View: Bay
Total Bedrooms: 2
Total Bathrooms: 2
Levels: One
Total SqFt.: 2652
Year Built: 1930
# of Acres: 0.17
Garage Stall: 2
Association: No
CC&Rs: No
Location, Tax and Other Information
House Number: 4756
Street Direction Pfx: SW
Street Name: Hwy 101
County: Lincoln
State/Province: OR
Postal Code: 97367
Parcel Nbr: 071127DC-1800-00
Tax Map Number: 071127DC
Tax Lot: 1800
Taxes: 3440.8
Tax Year: 2019
Tax District: 412
Zoning: TVC - Taft Village Core
Neighborhood Code: L316
Subdivision: NA
Hwy 101: East Side
Directions: Hwy 101 S to Taft Building is currently CBD Spot on Right.
Status Change Info
Status: Pending - Continue to Show
Under Contract Date: 2021-05-09
Contingent: Pending - Continue to Show
General Info
Building Type: Commercial
Condition: Good
# Units: 1
External Features
Parking Spaces: 12
Internal Features
Water Heater: Gas
Washer/Dryer: Electric
Range/Oven: Gas
Business
Business Name: The CBD Spot
Equip/FF Incl Y/N: Yes
List Avail Y/N: Yes
Inventory Incl Y/N: Yes
Income
Net Operating Income: 120000
Property Features
Business Description: Health Services
Roof: Membrane
Siding: Cedar; Shake; Shingle
Foundation: Slab
Outbuildings: Shed
Street Surface: Paved
Internal Features: Dishwasher; Microwave
Ceiling: Flat
Flooring: Vinyl; Wood
Walls: Paint
Heating: Ductless Heat Pump
Water: Public
Electric: On Property
Gas: On Property
Expense: Financials Available
Sellers Terms: 1031; Cash; Conventional

Listing Office: Realty One Group At the Beach

Last Updated: May - 09 - 2021

4756 SW Hwy 101, Lincoln City, OR 97367 - MLS# 20-2071

Information deemed reliable but not guaranteed.

Monday 17th of May 2021 11:20 PM