Courtesy: Taylor & Taylor Realty Co.
541-994-9111
Brand new PVC membrane roofs are being installed, and the former restaurant and taphouse is undergoing a full professional deep cleaning! The price has been slashed, and the seller is motivated; bring an offer! 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!
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!
Courtesy: Taylor & Taylor Realty Co.
541-994-9111
A local landmark situated at Oneatta Point on Yaquina Bay. The property has two vessel haul outs. The buildings are serviced by 230 and 480-volt electricity. Potable water is supplied from a well that produces approximately 60 gallons per minute. Wastewater effluent is discharged to a drain field. The entire property is zoned MP ''planned marine'' and lies outside of the urban growth boundary. The site lies within a development zone in a development estuary. There are four site-built structures: a 10,000 sq. ft. main shop/office/work bay; a 7,500 sq. ft. elongated warehouse structure; a 4,000 sq. ft. tall work bay with aggregate floor; a 400 sq. ft. rest room and shower of masonry construction. All building square footage is approximate. The entire site is within an "Enterprise Zone."
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.
