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1115 SE 1st St

Lincoln City, OR 97367
  • $1,440,000
  • STATUS: Active
  • ON SITE: 117 Days
  • MLS #: 21-1485
UPDATED: 43 min ago
$1,440,000
  • 0
    BEDS
  • 0.41
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 3,646
    SQFT
  • $395
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1960
County:
Area:

School Ratings & Info

Description

Price Reduced! And Owner carry Terms available, Call today! Once in a Lifetime opportunity to own this Large Lake Front Commercially Zoned Parcel with Successful Restaurant Established. Vivian's Restaurant & BBQ is known for its great food and amazing views. Current establishment seats over 60 could be up to 80 for capacity, 24 on site parking spots plus additional off street parking, out door dining along the Lake front, Approx. 150ft of Dock. Building has new siding, new roof, plumbing and electrical all done and interior all rebuilt in 2016. Massive Kitchen with all that's needed to get you started. This location is surrounded Hotels for steady traffic, Small Bar for serving drinks, Back Room to add Oregon Lottery, SO much Potential and ready for new Owners

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© 2021 Lincoln County Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Coho Realty. Data last updated: 2021-10-21T17:34:07.96.
www.cohorealtynw.com/homes/118701765
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1115 SE 1st St Lincoln City, OR 97367

  • Price: $1,440,000
  • Status: Active
  • Updated: 43 min ago
  • MLS #: 21-1485
0
Beds
2
Baths
0
½ Baths
0.41
Acres
3,646
SQFT
$395
$/SQFT
1960
Built
Neighborhood:
Delake
County:
Lincoln
Area:
Lincoln City
Property Description
Price Reduced! And Owner carry Terms available, Call today! Once in a Lifetime opportunity to own this Large Lake Front Commercially Zoned Parcel with Successful Restaurant Established. Vivian's Restaurant & BBQ is known for its great food and amazing views. Current establishment seats over 60 could be up to 80 for capacity, 24 on site parking spots plus additional off street parking, out door dining along the Lake front, Approx. 150ft of Dock. Building has new siding, new roof, plumbing and electrical all done and interior all rebuilt in 2016. Massive Kitchen with all that's needed to get you started. This location is surrounded Hotels for steady traffic, Small Bar for serving drinks, Back Room to add Oregon Lottery, SO much Potential and ready for new Owners
Exterior Features

External Features Parking Spaces 24.00 Foundation Concrete Perimeter Frontage Lake Frontage View Remarks Roughly 200 Feet Of Lake Frontage With Mesmerizing Views.Property Can Be Seen From Hwy 101 Garage Type None Levels One Outbuildings None Primary View Lake Roof Metal Secondary View Lake Siding T1-11 Street Surface Paved

Interior Features

Alternate Heat Gas Fireplace Insert Building Handicap Access Yes Ceiling FlatVaulted Cooling Hvac Cool Flooring OtherWood General Info Exclusions Tbd/ Negotiable General Info Inclusions Tbd/ Negotiable Heating Forced Air Heating Fuel Heat Natural Gas Internal Features DishwasherDrapes/CurtainsMicrowaveRefrigerator Internal Features Furnished Negotiable Internal Features Range Oven Gas Internal Features Water Heater Electric Walls Paint

Property Features

3rd Party Approval No Association No Bank Lender Owned No Business Business Name Vivian's Restaurant Business Description Candy/CookieDeli/CateringDoughnutEmploymentFast FoodFood & BeverageFranchiseGift ShopHealth FoodHospitalityMixedRestaurant Business Equip FFIncl YN Yes Business Equip FFValue Tbd Business Inventory Incl YN Yes CCAnd Rs No Cross Street 101 Electric On Property Expense Financials Available Expense Other Food 29% Labor 39% Expense Utilities Approx 15K Yr Gas On Property General Info Building Type Restaurant General Info Condition Great General Info Possession Coe Hwy101 East Side Income Annual Gross Revenue 510000.00 Lot Dimensions irregular Sellers Terms 1031CashConventionalOwner Will CarrySubmit Sewer City Short Sale No Tax Year 2020 Taxes 7032.60 Water City Year Built Remarks Rebuilt in 2016 Zoning Gc - General Commercial

© 2021 Lincoln County Multiple Listing Service, Inc. All rights reserved.


© 2021 Lincoln County Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Coho Realty. Data last updated: 2021-10-21T17:34:07.96.
 
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