316 SW Coast Hwy, Newport, OR 97365 (MLS # 25-102)
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Great two-story commercial building in the heart of Newport w/ 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 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!
| DAYS ON MARKET | 1 | LAST UPDATED | 1/21/2025 |
|---|---|---|---|
| TRACT | Bayley and Case's | YEAR BUILT | 1962 |
| COMMUNITY | Newport/South Beach | COUNTY | Lincoln |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| AREA | Newport/South Beach |
|---|---|
| HEAT | Electric, Wall Furnace |
| LOT | 4792 sq ft |
| SUBDIVISION | Bayley and Case's |
| TAXES | 6511.65 |
| UTILITIES | Natural Gas Available |
| VIEW DESCRIPTION | None |
| WATER | Public |
| ZONING | C-1 Commercial |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with Coldwell Banker Professional Group - Lincoln City
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Data Last Updated: 1/21/25 11:46 PM PST
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