426, 501, 515 NW Coast ST, Newport, OR 97365
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426, 501, 515 NW Coast ST, Newport, OR 97365
426, 501, 515 NW Coast ST, Newport, OR 97365
426, 501, 515 NW Coast ST, Newport, OR 97365
426, 501, 515 NW Coast ST, Newport, OR 97365
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Marcel Dolak

Marcel Dolak

+1(425) 466-5870
$ 2,349,000
Est. payment /mo
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Price Dropped by $26K

426, 501, 515 NW Coast ST Newport, OR 97365

2 Baths

6,505 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 6,505 sqft

Price per Sqft $361

Subdivision Nye & Thompson

MLS Listing ID LC-103016

HOA Y/N No

Year Built 1974

Annual Tax Amount $12,328

Lot Size 0.690 Acres

Acres 0.69

Property Sub-Type Mixed Use

Source Oregon Coast Multiple Listing Service

Property Description

Brand new PVC membrane roof has been installed on all buildings, along with exterior and interior updates completed! The price has been slashed, and the seller is motivated; bring an offer! Prime commercial investment in the Nye District. A former restaurant and bar, this property is fully equipped and is ready for its next chapter, offering an incredible investment opportunity. The sale includes all existing furnishings, fixtures, and equipment, making it a turnkey space for a new concept. Located in a high-foot-traffic area near beach access, this property benefits from a steady flow of locals and tourists alike. In addition to the restaurant/bar space, the sale includes an additional parking lot and two commercial storefronts. Both storefronts are currently leased, providing immediate rental income. The sale for the storefronts is for the real estate only, not the existing businesses. Take advantage of this opportunity today!

Location

State OR

County Lincoln

Community Nye & Thompson

Zoning C-2 General Commercial

Direction From highway 101, turn west on W Olive Street. Follow W Olive Street and turn on north on NW Coast street. Follow NW Coast street to property. Property is located on west and east side of NW Coast street.

Interior

Heating Forced Air

Flooring Other

Furnishings Furnished

Appliance Water Heater

Exterior

Parking Features Off Street, Paved

Fence Wood

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Ocean

Roof Type Membrane

Street Surface Paved

Accessibility Accessible Approach with Ramp

Garage No

Building

Lot Description Level

Building Description Concrete, Kitchen Facilities,Private Restroom(s),Restaurant

Foundation Slab

Sewer Public Sewer

Water Public

Structure Type Concrete

Others

Tax ID 111105CC-7900-00

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

Special Listing Condition Standard

Listed by Taylor & Taylor Realty Company

NEARBY SCHOOLS & PROPERTIES

Marcel Dolak

Marcel Dolak

Owner | Private Office Advisor | Global Real Estate Advisor | License ID: 28065

+1(425) 466-5870

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426, 501, 515 NW Coast ST