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Additional details
Listed by Coldwell Banker Professional
$ 514,990
Est. payment /mo
Pending
316 SW Coast Hwy Newport, OR 97365
8,344 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Pending
Purchase Type For Sale
Square Footage 8,344 sqft
Price per Sqft $61
MLS Listing ID 106917442
Year Built 1962
Annual Tax Amount $6,511
Tax Year 2025
Lot Size 4,791 Sqft
Property Sub-Type Commercial
Property Description
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.
Location
State OR
County Lincoln
Area _200
Zoning C-1
Interior
Heating Wall Furnace, Zoned
Exterior
View Trees Woods
Roof Type Flat,Membrane
Garage No
Building
Story 2
Sewer Public Sewer
Water Public Water
Level or Stories 2
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Amenities & Attractions