426, 501, 515 Coast, Newport, OR 97365
Listing Courtesy of Taylor & Taylor Realty Company.
- $2,349,000
- 2
- BA
- 6,505
- SqFt
- List Price
- $2,349,000
- Status
- ACTIVE
- Days on Market
- 582
- Price Change
- ▼ $26,000 1784329053
- MLS#
- LC-103016
- Subtype
- Commercial Sale
- Year Built
- 1974
- Bathrooms
- 2
- Living Area
- 6,505
- Lot Size
- 30,056
- Acres
- 0.69
- Subdivision
- Nye & Thompson
Property Description
Brand new PVC membrane roof has been installed on all buildings, along with exterior and interior updates completed! The price has been slashed, and the seller is motivated; bring an offer! Prime commercial investment in the Nye District. A former restaurant and bar, this property is fully equipped and is ready for its next chapter, offering an incredible investment opportunity. The sale includes all existing furnishings, fixtures, and equipment, making it a turnkey space for a new concept. Located in a high-foot-traffic area near beach access, this property benefits from a steady flow of locals and tourists alike. In addition to the restaurant/bar space, the sale includes an additional parking lot and two commercial storefronts. Both storefronts are currently leased, providing immediate rental income. The sale for the storefronts is for the real estate only, not the existing businesses. Take advantage of this opportunity today!
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Additional Information
- Taxes
- $12,328
- Zoning
- C-2 General Commercial
- Flooring
- Other
- Appliances
- Water Heater, Refrigerator
- Heating
- Forced Air
- Levels
- One
- Roof
- Membrane
- Foundation
- Slab
- Parking Features
- Off Street, Paved
- View
- Ocean