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2795 SE 23rd Drive

Lincoln City, OR 97367
  • $1,900,000
  • STATUS: Active
  • ON SITE: 253 Days
  • MLS #: 24-159
$1,900,000
  • 0
    BEDS
  • 3.1
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 13,708
    SQFT
  • $139
    $/SQFT
Neighborhood:
N/A
Type:
Commercial
Built:
1987
County:
Area:

School Ratings & Info

Description

3.10-acre commercial building totaling approx. 13,708 SF zoned industrial. Currently rented with uses ranging from office to automotive shop, storage facility and towing yard. Property consists of an oversized shop building with 13,200 sq feet & 9 roll up doors- 4 are 14x14, 5 are 12x14. Upstairs there is 2,700 sq ft of recently remodeled space with laminate wood flooring & recessed lighting currently vacant. Current rents gross $103,800 year with 5 of 9 spaces rented. Seller states additional vacant spaces estimated potential of $104,400 per year. Detached 508 sq ft storage yard office space in addition to total square footage. This property is also being offered as 2.29 acres with shop MLS 24-161, and or separate 0.81 acres MLS 24-160.If sold separately, property would need to surveyed and partitioned. Properties must close simultaneously. Shown by appointment only, please do not disturb tenants.

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© 2024 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: 2024-10-07T23:36:59.963.
www.coho.realty/homes/147014767
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2795 SE 23rd Drive Lincoln City, OR 97367

  • Price: $1,900,000
  • Status: Active
  • On Site: 253 Days
  • MLS #: 24-159
0
Beds
2
Baths
0
½ Baths
3.1
Acres
13,708
SQFT
$139
$/SQFT
1987
Built
Neighborhood:
N/A
County:
Lincoln
Area:
Lincoln City
Property Description
3.10-acre commercial building totaling approx. 13,708 SF zoned industrial. Currently rented with uses ranging from office to automotive shop, storage facility and towing yard. Property consists of an oversized shop building with 13,200 sq feet & 9 roll up doors- 4 are 14x14, 5 are 12x14. Upstairs there is 2,700 sq ft of recently remodeled space with laminate wood flooring & recessed lighting currently vacant. Current rents gross $103,800 year with 5 of 9 spaces rented. Seller states additional vacant spaces estimated potential of $104,400 per year. Detached 508 sq ft storage yard office space in addition to total square footage. This property is also being offered as 2.29 acres with shop MLS 24-161, and or separate 0.81 acres MLS 24-160.If sold separately, property would need to surveyed and partitioned. Properties must close simultaneously. Shown by appointment only, please do not disturb tenants.
Exterior Features

Foundation Concrete Perimeter Frontage None Garage Type Attached General Info Exterior Color Brown Levels Two Outbuildings Shop Primary View None Roof CompositionMetal Secondary View None Siding T1-11Vinyl Street Surface Gravel

Interior Features

Alternate Heat None Ceiling Beam Flooring Other Heating Forced AirGas Walls Paint

Property Features

3rd Party Approval No Association No Bank Lender Owned No Business Description Professional/OfficeStorageWarehouse Business Equip FFIncl YN No Business Inventory Incl YN No Business MDSESUPPINCYN No CCAnd Rs No Cross Street Highway 101 Electric On Property Expense Financials Available Gas On Property General Info Building Type Industrial General Info Condition Good General Info Lease Information 5000 General Info Lease Information2 3000 General Info Lease Information3 650 General Info Possession Negotiable Hwy101 East Side Income Gross Income 103800.00 Sellers Terms 1031CashConventional Sewer Septic Short Sale No Tax Year 2023 Taxes 7618.14 Water Well Year Built Remarks 2022 remodeled Zoning PI - Planned Industrial

© 2024 Lincoln County Multiple Listing Service, Inc. All rights reserved. Listing provided courtesy of Taylor & Taylor Realty Company: .


© 2024 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: 2024-10-07T23:36:59.963.
 
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500 Liberty St SE, Suite 410
Salem OR, 97301