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Oregon Coast Investment Opportunity

1118 SW Canyon Way, Newport, OR 97365

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For Sale

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Bay and bridge view property with multiple development opportunities.

Type:Retail

Property size:

5,288 SF

Price / SF:

$320/SF

HighLights

Investment opportunity with conditional use approval for a 7‑space food truck/RV pod with new underground infrastructure (water/sewer/power).
Bay and Bridge views on the Oregon Coast.
Existing 5200 sq. ft. building currently set up for Brewery/Restaurant.
Recent appraisal in 2023 for $2,250,000.00.
Upper parking lot with 10 off‑street parking spaces.
Newly built covered patio.

We can help!

Contact an agent

Brodie Becksted

For Sale

Contact for pricing

Bay and bridge view property with multiple development opportunities.

Type:Retail

Property size:

5,288 SF

Price / SF:

$320/SF

Added:: Apr 21, 2021
Days on Market:: 1903
Last Refresh:: Jul 2 at 8:40 am

Property Features for 1118 SW Canyon Way

General Information

Standard status: Active
Size: 5,288 SF
Property subtype: Retail

Building Details

Year Built: 2019

We can help!

Contact an agent

Brodie Becksted

Listing office Equity Plus Real Estate

Listing date Apr 21, 2021

Source Crexi

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 Equity Plus Real Estate

HighLights

Investment opportunity with conditional use approval for a 7‑space food truck/RV pod with new underground infrastructure (water/sewer/power).
Bay and Bridge views on the Oregon Coast.
Existing 5200 sq. ft. building currently set up for Brewery/Restaurant.
Recent appraisal in 2023 for $2,250,000.00.
Upper parking lot with 10 off‑street parking spaces.
Newly built covered patio.

Overview

This property presents an investment opportunity on the Oregon Coast, featuring views of the bay and bridge. The existing 5200 square foot building is complemented by a newly constructed covered patio. The upper parking lot provides 10 off-street parking spaces. Infrastructure has been recently installed in the lower parking lot, including underground water, sewer, and power, with individual pedestals to accommodate 7 food trucks or RVs. Conditional use approval has been granted for the property to operate as a food truck pod. The property is currently set up for a brewery or restaurant. A 2023 appraisal valued the property at $2,250,000.

Property Profile Location Intelligence

Current Use by Public Records

The Anchor @ Newport Brewing ... Restaurant Newport Brewing Company Production Facility

Suggested Use

Location Insight

Map
Local Demand

City: Newport
County: Lincoln
State: Oregon
Longitude: -124.055385
Latitude: 44.629985

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For sale
Restaurants
OR
Newport
97365
1118 SW Canyon Way

What type of property is this?

Restaurant - Bay and bridge view property with multiple development opportunities.

Where is this restaurant located?

The property is located at 1118 SW Canyon Way Newport, OR.

What is the asking price?

The asking price for this property is $1,695,000.

What are key features of this property?

This property features: Investment opportunity with conditional use approval for a 7‑space food truck/RV pod with new underground infrastructure (water/sewer/power).; Bay and Bridge views on the Oregon Coast.; Existing 5200 sq. ft. building currently set up for Brewery/Restaurant.