Investor Alert in Prime Nye Beach Location!
$325,000
118 Southwest Brook Street, Newport, OR 97365
995 sqft
Building Size
0.14 acres
Lot Area
Details:
Description:
Investor alert in prime Nye Beach location! Zoned R4, this 0.14-acre lot offers development potential--build a motel, lodge, clinic, office, or multi-unit housing. The current 3 bed, 1 bath home uses half the lot--develop the other half or expand upward to capture the ocean views. Enclose the unfinished basement for added living space or rebuild the detached garage for storage or ADU potential. Updated electric panel (approx. 3 years ago). Just blocks from shops, restaurants, and the beach. Ocean views from main level--stunning views possible from upper floors. Endless options in a high-demand coastal zone. This is a rare find with major upside in Newport's sought-after Nye Beach District! Buyer to confirm permitted uses, building or remodeling guidelines and restrictions, with the county.
Location
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