1. Oregon
  2. Newport
  3. 316 Sw Coast Hwy
$524,900

316 Sw Coast Hwy, Newport, OR 97365

  • 8,344 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1962
  • Property Lot Size Icon4,792sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $63/sqft
  • Property List Date Icon Listed 7 months ago

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.

Listing Status:
Active
Date Added:
January 21, 2025 at 06:00AM
Listing Office:
Coldwell Banker Professional : 503-538-0468
Listing Agent:
Lucinda Hage : 971-409-7586
MLS ID:
106917442
  • Heating: Wall furnaceZoned

This listing courtesy of Lucinda Hage, Coldwell Banker Professional

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

Y

Yaquina View Elementary School

351 SE Harney St, Newport, OR, 97365

Grades KG-2

0.71 miles away

N

Newport Middle School

825 NE 7th St, Newport, OR, 97365

Grades 6-8

0.89 miles away

N

Newport High School

322 NE Eads St, Newport, OR, 97365

Grades 9-12

0.61 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.