316 SW Coast Hwy

316 SW Coast Hwy, Newport, OR

$629,000

Price

0.11 acres

Lot Area

1962

Year Built

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Map
Overview
Lot Area
0.11 acres
Year Built
1962
Zoning
C-1 Commercial
MlsNumber
23-1408
Baths
7
Description

Follow to the address, directly off of SW Coast Hwy.

Commercial - Newport, OR

Great two-story commercial building in the heart of Newport with excellent visibility off Hwy 101 and yearly GROSS INCOME OF OVER $47,000. This large building features 3 separate bottom floor units which are being operated as a Mexican Store, meat market & retail store. The second story features 4 rented business spaces currently being utilized as a yoga studio, eBay store, massage studio and a meeting room. There's 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! Verify all planned usages with the City. DO NOT DISTURB THE TENANTS!!

Highlights
  • Tax Roll Number: 111108BD-6100-00
  • Annual Tax: $ 6311.08
  • Available Floors: 2
  • Exterior Description: Other
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Listing ID: cfd747a7-ebaf-45be-8d88-774039adeb9a
Location
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