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Garett & Claire Chadney

[email protected] +1(503) 970-0858

$514,990

Est. payment - /mo

7 Baths

8,344 SqFt

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UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 8,344 sqft

Price per Sqft $61

Subdivision Bayley And Case'S

MLS Listing ID LC-102850

HOA Y/N No

Year Built 1962

Annual Tax Amount $6,511

Tax Year 2025

Lot Size 4,791 Sqft

Acres 4791.6

Property Sub-Type Mixed Use

Source Oregon Coast Multiple Listing Service

Property Description

Great two-story commercial building in the heart of Newport w/ excellent visibility off Hwy 101 and yearly GROSS INCOME of 37,500. 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 w/ 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

Zoning C-1 Commercial

Direction Hwy 101 to the address, located right off of Hwy 101.

Rooms

Other Rooms None

Interior

Heating Electric, Wall Furnace

Flooring Carpet, Vinyl, Other

Exterior

Utilities Available Electricity Connected, Natural Gas Available, Water Available

Roof Type Flat,Membrane

Garage No

Building

Story 2

Foundation Concrete Perimeter

Water Public

Level or Stories 2

Others

Tax ID 111108BD-6100-00

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Lincoln County MLS Oregon / OREGON COAST MLS

Listed by Coldwell Banker Professional Group - Lincoln City

Nearby School & Business

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Garett & Claire Chadney

+1(503) 970-0858

Principal Broker / Owner | License ID: 930300059

Principal Broker / Owner License ID: 930300059

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316 SW Coast Hwy Newport, OR 97365

Garett & Claire Chadney

Key Details

Location

Rooms

Interior

Exterior

Building

Others

Nearby School & Business

Get More Information