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    Newport, OR 97365

    For Sale
    $599,000

    High-Visibility Hwy 101 Retail Building

    Property size:
    8,344 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional two-story commercial building, totaling 8,344 square feet, sits on a 0.11-acre lot in the heart of Newport, Oregon, boasting excellent visibility from Highway 101. Currently generating a gross annual income of $42,000, this property presents a significant investment opportunity. The ground floor comprises three separate retail units, currently occupied by a Mexican store, a meat market, and another retail establishment. The second floor offers four additional rentable spaces, two of which are currently leased as a yoga studio and a meeting room. This presents a substantial opportunity for increased revenue through the lease of the currently vacant spaces on both floors. The building's prime location and existing tenant base provide a solid foundation for future growth and profitability. The property's size and layout offer flexibility for a variety of commercial uses, making it an attractive investment for both seasoned investors and those new to the commercial real estate market. The strong potential for rental income increases, coupled with the desirable location, makes this a compelling investment opportunity in a thriving Oregon coastal community. The asking price is $599,000. Serious inquiries only.

    Property Features for

    General Information

    Property type
    Retail properties
    Square Feet
    8,344 SF
    Lot Size
    4,792 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail properties

    Map

    City
    Newport
    County
    Lincoln
    State
    Oregon
    Longitude
    -124.0531
    Latitude
    44.6361

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    FAQs

    What type of property is this?
    Retail property - High-Visibility Hwy 101 Retail Building
    Where is this retail property located?
    The property is located at Newport, OR.
    What is the asking price?
    The asking price for this property is $599,000.
    (503) 538-0468
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    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
    Newport, OR 97365
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