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Commercial Land with Recreational Building
For Sale
$1,500,000
Pending

1025 NW Grove St, Newport, OR 97365

R-4-zoned property includes a partially completed recreational structure and water, sewer, and gas on-site.

Property Size16,660 SF
Days on Market45

Property Features for 1025 NW Grove St

General Information

Standard status Pending
Size 16,660 SF
Property subtype Commercial
Zoning R-4

Taxes and HOA fees

Annual Taxes $6,800

Building Details

Building Size 16,660 SF
Year Built 2011
Listing Agency: Coldwell Banker Professional
Listed By: Lucinda Hage
Source: Jmannrealty
Added: Sep 18 Changed: Oct 31 Last Checked: Oct 29 at 2:54PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Professional

Rey
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Investment Insights

Based on property information with market context.

This R-4-zoned commercial land includes a partially finished recreational building constructed in 2011. Metal siding is in place, the HVAC system has been installed but is not connected, and the fire sprinkler system is close to completion. Water, sewer, and gas are on-site.

The property is near Highway 101. It comprises three parcels and three additional lots. The building and land are being offered as-is.

Key Highlights

  • Three parcels plus three additional lots
  • Partially finished recreational building constructed in 2011
  • Metal siding; HVAC installed but not connected

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Suggested Use

Top Pick Parking Lot & Garage Grocery & Convenience Store Storage Facility (Bike/Boat/Book/etc) Store HVAC Service Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

725
Businesses Nearby

Demographics for 97365, OR

10,806
Population
6,026
Households
1.8
Avg Household Size
47
Median Age
31%
College-Educated
91%
High-School Grad
41.5 sq mi
ZIP Area
260
Density / Sq Mi
$60,736
Median Household Income
$30,963
Median Earnings
$1,155
Median Rent
$418,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions

What type of property is this?
Commercial land - R-4-zoned property includes a partially completed recreational structure and water, sewer, and gas on-site.
Where is this commercial land located?
The property is located at 1025 NW Grove St Newport, OR.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Three parcels plus three additional lots; Partially finished recreational building constructed in 2011; Metal siding; HVAC installed but not connected
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