727 NW 3rd Street, Newport, OR 97365
- Added:
- Jul 11, 2025
- Days on Market:
- 352
- Last Refresh:
- Jun 27 at 1:06 pm
Property Features for 727 NW 3rd Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- C-2 Tourist Commercial (N
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1
- Parking features
- Off Street
- Appliances
- Water Heater, Refrigerator
- Standard status
- Active
- APN
- 111108BB-11500-00
- Size
- 2,606 SF
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 2972
Utilities
- Utilities
- Water Available
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating)
- Water source
- Public
Building Details
- Year built
- 1910
- Floors in Building
- 2
- Flooring type
- Vinyl
- Building materials
- T1-11 Type
- Roof type
- Composition
Listing agent Sonja S. Lovas License #201104108 (541) 961-3866
Listing office Martek Real Estate 567 N Coast Hwy, Newport, OR (541) 265-8785
Listing date Jul 11, 2025
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.
HighLights
- Historic Nye Beach property built in 1910 with T1‑11 type construction and composition roof
- Ocean views from most rooms
- Additional lot to the west is included with the property
- Utilities include public water and public sewer; water heater and refrigerator included
- Electric heating and vinyl flooring
- Off‑street parking; currently set up with 2 bathrooms
Overview
The building is positioned a few blocks from beach access, and it sits close to restaurants, boutiques, and the Performing Arts Center. Addressed at 727 NW 3rd Street in Newport, Oregon, the site combines existing retail improvements with added land to the west.
For tenants, buyers, or owner-operators seeking a storefront configuration with an established small-business identity, the property’s current retail orientation and ocean-view aspect from within the building are key considerations. The inclusion of the west lot also supports options for continued retail use, owner-occupied operation, or commercial residential development planning, as referenced in the remarks.
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 | $46.9k | $18.00 |
| − Vacancy | −$1.6k | −$0.61 |
| EGI | $45.3k | $17.39 |
| − OpEx | −$13.6k | −$5.22 |
| NOI | $31.7k | $12.17 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Newport
- County
- Lincoln
- State
- Oregon
- Longitude
- -124.061222
- Latitude
- 44.63821
