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Listed by RYAN MADDY • COLDWELL BANKER PROFESSIONAL GROUP • CELL: 503-930-5678
$599,000
Est. payment /mo
8,344 SqFt
Active
316 Coast Hwy Newport, OR 97365
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Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 8,344 sqft
Price per Sqft $71
MLS Listing ID 824641
Year Built 1962
Annual Tax Amount $6,512
Tax Year 2025
Lot Size 4,791 Sqft
Acres 0.11
Property Sub-Type Retail
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
Location
State OR
County Lincoln
Area Os Outside 4 County Area
Interior
Heating Electric, Wall Furnace, Zonal
Building
Sewer City
Water City
New Construction No
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
