426, 501, 515 NW Coast Street St, Newport, OR 97365 (MLS # 25-221)
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Prime commercial investment opportunity 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!
| DAYS ON MARKET | 56 | LAST UPDATED | 3/7/2025 |
|---|---|---|---|
| TRACT | Nye & Thompson | YEAR BUILT | 1974 |
| COMMUNITY | Newport/South Beach | COUNTY | Lincoln |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| PRICE HISTORY | |
| Prior to Mar 7, '25 | $2,950,000 |
|---|---|
| Mar 7, '25 - Today | $2,899,000 |
| ADDITIONAL DETAILS | |
| AREA | Newport/South Beach |
|---|---|
| INTERIOR | Vaulted Ceiling(s) |
| LOT | 0.69 acre(s) |
| SUBDIVISION | Nye & Thompson |
| TAXES | 11788 |
| UTILITIES | Natural Gas Available |
| VIEW | Yes |
| VIEW DESCRIPTION | Ocean |
| WATER | Public |
| ZONING | C-2 General Commercial |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with Taylor & Taylor Realty Company
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Data Last Updated: 4/3/25 2:34 PM PDT
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