Turnkey Restaurant and Bar
426 501 515 NW Coast Street Newport, OR 97365
426 501 515 NW Coast Street, Newport, OR, 97365
$2,375,000
For Sale
$2,375,000
COMMERCIAL - Newport, OR
Property Size6,505 SF
Lot Size0.69 Acres
Price / SF$365.10
Days on Market525
Property Features for 426 501 515 NW Coast Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- C-2 General Commercial
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1
- Parking
- 34
- Parking features
- Off Street
- Accessibility
- Accessible Approach with Ramp
- Appliances
- Water Heater, Refrigerator
- Standard status
- Active
- APN
- 111105CC-7900-00
- Size
- 6,505 SF
- Lot size
- 0.69 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 12329
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Year built
- 1974
- Floors in Building
- 1
- Building materials
- Concrete
- Roof type
- Membrane
Listing Agency
Taylor & Taylor Realty Company
(800) 462-0197
3891 NW Hwy 101, Lincoln City, OR
Listed by
Dennis M Regen · License #810604051
(541) 994-4169
Added: Feb 7, 2025 Checked: Jul 17 at 6:06 am
MLS# LC-103016
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This sale includes a former restaurant and bar property presented as a turnkey setup, with furnishings, fixtures, and equipment included for the next concept. The seller reports a brand new PVC membrane roof has been installed on all buildings, along with exterior and interior updates. In addition to the restaurant/bar space, the offering includes two commercial storefronts and an additional parking lot.
The property is located in Newport’s Nye District in a high-foot-traffic area near beach access. The two commercial storefronts are currently leased, providing immediate occupancy for that portion of the real estate.
For operators seeking a ready-to-open food and beverage location, the included equipment and turn-key presentation reduce initial build-out uncertainty. Investors should also note the blended structure of the deal, combining an on-site restaurant/bar component with leased storefront real estate and associated parking, all under C-2 General Commercial zoning. The sale for the storefronts is for the real estate only, not the existing businesses.
The property is located in Newport’s Nye District in a high-foot-traffic area near beach access. The two commercial storefronts are currently leased, providing immediate occupancy for that portion of the real estate.
For operators seeking a ready-to-open food and beverage location, the included equipment and turn-key presentation reduce initial build-out uncertainty. Investors should also note the blended structure of the deal, combining an on-site restaurant/bar component with leased storefront real estate and associated parking, all under C-2 General Commercial zoning. The sale for the storefronts is for the real estate only, not the existing businesses.
Key Highlights
- New PVC membrane roof installed on all buildings, plus exterior and interior updates completed
- Former restaurant/bar building with existing furnishings, fixtures, and equipment included
- Two leased commercial storefronts included with the real estate (sale excludes existing businesses)
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $117.1k | $18.00 |
| − Vacancy | −$4.0k | −$0.61 |
| EGI | $113.1k | $17.39 |
| − OpEx | −$33.9k | −$5.22 |
| NOI | $79.2k | $12.17 |
6,505 SF · lease $18.00/SF/yr · vacancy 3.41% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.13M
$989.6K – $1.32M
NOI $79,168 @ 7.0% cap · market cap 3.33%
Second Best
Specialty Retail
$966.5K
$845.7K – $1.13M
NOI $67,655 @ 7.0% cap · market cap 2.85%
Theoretical Best
Office A
$1.70M
$1.48M – $1.98M
NOI $118,770 @ 7.0% cap · market cap 5.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
AirGarage | Public Parking
Parking Lot & Garage
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Turnkey restaurant and bar space with a new PVC membrane roof, plus leased storefronts and added parking.
Where is this conventional restaurant located?
The property is located at 426 501 515 NW Coast Street Newport, OR.
What is the asking price?
The asking price for this property is $2,375,000.
What are key features of this property?
This property features: New PVC membrane roof installed on all buildings, plus exterior and interior updates completed; Former restaurant/bar building with existing furnishings, fixtures, and equipment included; Two leased commercial storefronts included with the real estate (sale excludes existing businesses)
