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Listed by Coldwell Banker Professional

$514,990

Est. payment - /mo

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8,344 SqFt

Active

316 SW Coast Hwy Newport, OR 97365

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Tommy Jedrzejczyk

tommy@tltre.com +1(503) 506-4646

UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

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

Regional Multiple Listing Service (RMLS)

NEARBY SCHOOL & BUSINESS

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