Description
Investment opportunity awaits you! Seller-Carried Finance Option Available. This property features commercial real estate currently setup for a bar and grill that has been completely remodeled. Only the real estate is for sale, business is tenant owned. Real estate is currently leased with a five year triple net lease. Lease amount is $44,400 per year with a 3% increase per year. Also includes the adjacent property 1333 NE Keel Ave - a 4 bedroom, 2 bathroom home zoned to allow short-term rentals and in the process of being completely remodeled. Meredith Lodging projected Gross Annual Revenue $45,000 - $65,000 for short-term rentals. The commercial building is located at 1330 NE Hwy 101 in Lincoln City.
