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    242 W Olive St Newport, OR 97365

    For Sale
    $579,000

    COMMERCIAL - Newport, OR

    Property size:
    2,295 SF
    Lot size:
    0.29 Acres
    Days on Market:
    54
    Last Refresh:
    Dec 14 at 5:06 am

    Property Features for 242 W Olive St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    C-1 Commercial
    Rooms
    Bathroom 1, Bathroom 2
    Bathrooms
    2
    APN
    111108BA-2200-00
    Size
    2,295 SF
    Lot size
    0.29 Acres

    Utilities

    Utilities
    Natural Gas Available
    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Water source
    Public

    Building Details

    Year built
    1957
    Floors in Building
    2
    Flooring type
    Carpet
    Building materials
    Vinyl Siding, Concrete
    Roof type
    Metal

    Taylor and Taylor Realty Co. (541) 994-9111 [email protected]

    Listing agent Dennis M Regen

    Listing date Oct 22, 2025

    Copyright © 2025 Oregon Coast MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Newport Commercial Building with Views

    This commercial building, located in a high-traffic area of Newport, offers ocean views and a total of 2,295 square feet. The property is zoned C-1 Commercial. The main level features a reception area, four offices, a kitchen/break room, and a bathroom. The upper level includes a reception area, two offices, a kitchen/break room, and a second bathroom. Each level is separately metered and equipped with a forced air gas furnace and heat pump with air conditioning. The lot size is 0.29 acres. A mandatory leaseback for 48 months to the seller is required.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Newport Office Center Medical Office Doctors Office Medical Clinic Gleneden Beach Med ... Doctor Vinjamuri Vinod K ... Doctor Vinod Kumar Vinjamuri Internist

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newport
    County
    Lincoln
    State
    Oregon
    Longitude
    -124.055219
    Latitude
    44.636664

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    FAQs

    What type of property is this?
    Office building - Commercial building in high-traffic Newport location with ocean views.
    Where is this office building located?
    The property is located at 242 W Olive St Newport, OR.
    What is the asking price?
    The asking price for this property is $579,000.
    What are key features of this property?
    This property features: - High traffic location in Newport; - Enjoy the ocean views; - 2,295 square feet of total space
    (541) 994-9111
    Request Owner's contact information
    242 W Olive St Newport, OR 97365
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    242 W Olive St Newport, OR 97365
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