$599,000

316 SW Coast Hwy, Newport, OR 97365, US

Summary

Style: Commercial
Sq Ft: 8344
Year Built: 1962

Moving Quotes

primary photo for 316 SW Coast Hwy, Newport, OR 97365, US

Remarks

Great two-story commercial building in the heart of Newport with excellent visibility off Hwy 101 and yearly GROSS INCOME OF $42,000. 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 with 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.

Details

MLS#: 106917442
Price: $599,000

Style: Commercial
Sq Ft: 8344
Year Built: 1962

County: Lincoln
Tax Fee: 6511.6499999999996

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Broker Contact


Coldwell Banker Professional
616 E First St
Newberg, OR, 97132
US
Lucinda Croman
! 503-538-0468
! Lucindacroman@yahoo.com
! Website

Information is believed to be accurate but should not be relied upon without verification.
Data Provided by Regional Multiple Listing Services
Last updated: 2025-01-21T12:46:43.000-08:00.
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