Rich in character and thoughtfully updated, this inviting 1969 ranch-style home offers classic coastal charm, modern conveniences, and exceptional flexibility. Original wood floors add warmth, character, and a sense of history, while abundant natural light fills the home, creating a bright, cozy atmosphere that immediately feels welcoming. A rare opportunity in the heart of Lincoln City, this commercially zoned property offers incredible flexibility as a primary residence, coastal getaway, or investment. Commercial zoning allows the property to be licensed as a short-term rental without a waiting list—buyers simply complete the City's application process and pay the applicable licensing fee. Thoughtful improvements provide peace of mind, including a beautifully remodeled bathroom completed in 2025 with granite finishes, updated plumbing, and all work completed to code and inspected. A new electrical service panel with EV charging capability was also installed in 2025, with all work permitted, completed to code, and inspected. The kitchen features a gas range, while updated windows enhance comfort and energy efficiency. New baseboard heaters in the bedrooms and front room, wall heaters in the kitchen and bathroom, and a newer Jøtul gas stove provide year-round comfort. One of the property's standout features is the detached heated 10' x 20' studio. Beautifully finished with warm cedar interior walls, its own electrical panel, 220-volt service, and dedicated heat source, this versatile space is ideal for remote work, creative pursuits, hobbies, fitness, or simply enjoying a peaceful retreat. All electrical work was professionally permitted, completed to code, and inspected. The oversized garage offers even more versatility with its own natural gas stove-style heater, while the storage shed includes two loft storage areas, a workbench, and pegboard organization for projects and additional storage. Certain appliances may be available for purchase or negotiated separate