316 SW Coast Hwy, Newport, OR 97365
Listing Courtesy of Coldwell Banker Professional.
- $514,990
- 8,344
- SqFt
- List Price
- $514,990
- Status
- ACTIVE
- Days on Market
- 552
- Price Change
- ▼ $9,910 1763085173
- MLS#
- 106917442
- Subtype
- Commercial
- Year Built
- 1962
- Living Area
- 8,344
- Lot Size
- 4,791
- Acres
- 0.11
- MLS Area Major
- Lincoln County
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.
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Additional Information
- Zoning
- C-1
- Exterior Construction
- Brick
- Stories
- 2
- View
- Trees/Woods
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