701 Nw Beach Dr, Newport, OR 97365
Listing Courtesy of Advantage Real Estate. (541) 265-2200
- $1,650,000
- 4
- BA
- 5,115
- SqFt
- List Price
- $1,650,000
- Status
- ACTIVE
- Days on Market
- 123
- MLS#
- 26-1281
- Subtype
- Commercial Sale
- Year Built
- 2007
- Bathrooms
- 4
- Living Area
- 5,115
- Lot Size
- 5,227
- Acres
- 0.12
Property Description
Located in the heart of Newport's historic Nye Beach district, Archway Place is a rare investment opportunity featuring eight ground-floor commercial condominiums totaling 5,115 SF within a well-maintained mixed-use building built in 2007. The property is 100% occupied with a stable mix of local retail tenants and offers strong in-place cash flow. Zoned C-2 (Tourist Commercial), the property benefits from exceptional pedestrian exposure near beach access, dedicated onsite parking, and strong synergy between neighboring businesses in one of the Oregon Coast's most popular tourist destinations. Residential condominiums above are not included in the sale. Tenant businesses are not for sale.
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Additional Information
- Taxes
- $12,331
- HOA Fee
- $655
- Zoning
- C-2 General Commercial
- Air Conditioning
- Electric
- Roof
- Shingle
- Foundation
- Slab, Permanent
- Parking Features
- Off Street, Covered
- Garage Spaces
- 8