316 SW Coast Hwy, Newport, OR 97365
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316 SW Coast Hwy, Newport, OR 97365
316 SW Coast Hwy, Newport, OR 97365
316 SW Coast Hwy, Newport, OR 97365
316 SW Coast Hwy, Newport, OR 97365
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Marcel Dolak

Marcel Dolak

+1(425) 466-5870
$ 514,990
Est. payment /mo
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Active

316 SW Coast Hwy Newport, OR 97365

7 Baths

8,344 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 8,344 sqft

Price per Sqft $61

Subdivision Bayley And Case'S

MLS Listing ID LC-102850

HOA Y/N No

Year Built 1962

Annual Tax Amount $6,511

Lot Size 4,791 Sqft

Acres 0.11

Property Sub-Type Mixed Use

Source Oregon Coast Multiple Listing Service

Property Description

Great two-story commercial building in the heart of Newport w/ excellent visibility off Hwy 101 and yearly GROSS INCOME of 37,500. This large building features 3 separate bottom floor units which are currently being operated as a Mexican Store, meat market & retail store. The second story features 4 rentable business spaces w/ 2 currently being utilized as a yoga studio and a meeting room. There's a huge opportunity to increase total income by renting out several other spaces that aren't being utilized and with C-1 zoning, it allows for a wide range of usages. This centrally located building is close to the hospital, the Bayfront, restaurants, shopping, the ocean and much more! Buyers to perform all due diligence and verify all planned usages with the City. DO NOT DISTURB THE TENANTS!

Location

State OR

County Lincoln

Community Bayley And Case'S

Zoning C-1 Commercial

Direction Hwy 101 to the address, located right off of Hwy 101.

Interior

Heating Electric, Wall Furnace

Flooring Carpet, Vinyl, Other

Exterior

Utilities Available Electricity Connected, Natural Gas Available, Water Available

Roof Type Flat,Membrane

Street Surface Paved

Garage No

Building

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

Structure Type Brick,Other

Others

Tax ID 111108BD-6100-00

Acceptable Financing 1031 Exchange, Cash, Conventional, Submit

Listing Terms 1031 Exchange, Cash, Conventional, Submit

Listed by Coldwell Banker Professional Group - Lincoln City

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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316 SW Coast Hwy