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220 SE Highway 101

Lincoln City, OR 97367
  • $499,000
  • STATUS: Active
  • ON SITE: 91 Days
  • MLS #: 22-298
$499,000
  • 0
    BEDS
  • 0.25
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1,380
    SQFT
  • $362
    $/SQFT
Type:
Commercial
Built:
1963
County:
Area:

School Ratings & Info

Description

Investment opportunity!! Commercial property with 180 feet of Highway 101 frontage and beautiful ocean views! Known as the Nauti Mermaid, a popular and very well known restaurant/bar in Lincoln City. Long term tenant in the property, 3 years remaining on lease. Several different business opportunities with this property! One of the owners is a licensed broker in the state of Oregon. Do not disturb tenants/business.

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© 2022 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: 2022-05-20T23:36:06.267.
www.cohorealtynw.com/homes/125961999
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220 SE Highway 101 Lincoln City, OR 97367

  • Price: $499,000
  • Status: Active
  • On Site: 91 Days
  • MLS #: 22-298
0
Beds
2
Baths
0
½ Baths
0.25
Acres
1,380
SQFT
$362
$/SQFT
1963
Built
Neighborhood:
Hostetler's To South Delake
County:
Lincoln
Area:
Lincoln City
Property Description
Investment opportunity!! Commercial property with 180 feet of Highway 101 frontage and beautiful ocean views! Known as the Nauti Mermaid, a popular and very well known restaurant/bar in Lincoln City. Long term tenant in the property, 3 years remaining on lease. Several different business opportunities with this property! One of the owners is a licensed broker in the state of Oregon. Do not disturb tenants/business.
Exterior Features

External Features Parking Spaces 12.00 Foundation Concrete Perimeter Frontage Highway Garage Type None General Info Exterior Color Green Levels One Outbuildings None Primary View Ocean Roof Composition Secondary View None Siding T1-11 Street Surface Paved

Interior Features

Alternate Heat None Ceiling Flat Flooring Other Heating Gas Internal Features Furnished No Internal Features Walls Paint Internal Features Water Heater Electric Walls Paint

Property Features

3rd Party Approval No Association No Bank Lender Owned No Building Amps 100 Business Description Food & BeverageRestaurant Business Equip FFIncl YN No Business Inventory Incl YN No Business List Avail YN No CCAnd Rs No Cross Street Se 3rd Street Electric On Property Expense Financials Available Expense Rent Amount 1600 Gas On Property General Info Building Type Frame General Info Condition Good General Info Lease Information2 1600 General Info Possession Negotiable Hwy101 East Side Sellers Terms 1031CashConventional Sewer City Short Sale No Tax Year 2021 Taxes 4393.94 Utilities Water City Water City Zoning Gc - General Commercial

© 2022 Lincoln County Multiple Listing Service, Inc. All rights reserved.


© 2022 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: 2022-05-20T23:36:06.267.
 
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Coho Realty
500 Liberty St SE, Suite 410
Salem OR, 97301