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
Courtesy: Coldwell Banker Professional
503-538-0468
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 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.
Courtesy: Berkshire Hathaway HomeServices Real Estate Professionals
503-371-3013
Creative financing possible! Calling all builders and developers! This prime 1.72-acre property, zoned R2, is plat approved for 11 duplex lots, allowing for a total of 22 townhomes. Located across from the Embarcadero Resort and Marina, it features breathtaking Bay Bridge & Ocean Views. With water, sewer, and power at the street; this premium development opportunity is ready for your summer build. Enjoy popular attractions like Oregon Coast Aquarium, Hatfield Marine Science Center, lighthouses, golf courses, and the central Oregon coast in this Newport's Bayfront District. Prime location justifies a condo or timeshare development too. Invest now!
Newport is located in Oregon. Newport, Oregon has a population of 10,305. Newport is more family-centric than the surrounding county with 19.54% of the households containing married families with children. The county average for households married with children is 18.44%.
The median household income in Newport, Oregon is $52,897. The median household income for the surrounding county is $54,961 compared to the national median of $69,021. The median age of people living in Newport is 47.9 years.
The average high temperature in July is 68.5 degrees, with an average low temperature in January of 39.6 degrees. The average rainfall is approximately 76.9 inches per year, with 0.7 inches of snow per year.
