Connected Retail Condo
For Sale
$650,000
312-314 NW COAST Street, Newport, OR 97365
Commercial Sale, Newport, OR
Property Size1,912 SF
Price / SF$339.96
Days on Market185
Property Features for 312-314 NW COAST Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
C-2 General Commercial
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Parking features
Off Street
Appliances
Water Heater, Water Heater
Lot features
Level
Directions
Nye Beach, right across from the arch and turnaround on the east side of Coast St.
Standard status
Active
APN
111105CC-80002-00
Size
1,912 SF
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5700
HOA Fee
$600 Monthly
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Water source
Public
Amenities
bathroom
storage room
Building Details
Year built
1999
Floors in Building
1
Building materials
HardiPlank Type
Roof type
Composition
Listing Agency:
Advantage Real Estate
(541) 265-2200
Listed By:
Freddy M Saxton · License #200801080
(541) 961-2085
Added: May 1
Changed: Oct 30
Last Checked: Nov 1 at 12:06PM
MLS# 26-1164
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.
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Investment Insights
Based on property information with market context.
Two commercial condominium units are joined internally, creating 1,912 square feet of retail space. The layout can remain open as one storefront or be divided into two 956-square-foot spaces. Each unit has a bathroom and a storage room; the sale covers the real estate, not the operating business.
Built in 1999, the property is zoned C-2 General Commercial. Building features include HardiPlank-type construction, electric heat, off-street parking, public water and sewer, and a composition roof.
Built in 1999, the property is zoned C-2 General Commercial. Building features include HardiPlank-type construction, electric heat, off-street parking, public water and sewer, and a composition roof.
Key Highlights
- Two connected retail condo units totaling 1,912 square feet
- Can be used together or divided into two 956‑square‑foot spaces
- Each unit includes a bathroom and storage room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,270
Cap Rate
3.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$465,400
$465.4K
Cap Rate 7%
$332,429
$332.4K
Cap Rate 9%
$258,556
$258.6K
Market Conditions
NOI Build-Up for 1,912 SF
Gross rent
$34.4K $18.00/SF
− Vacancy
−$1.2K −$0.61/SF
EGI
$33.2K $17.39/SF
− OpEx
−$10.0K −$5.22/SF
NOI
$23.3K $12.17/SF
Area
Lincoln County, OR
Vacancy
3.41%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$465,400
Cap Rate 7%
$332,429
Cap Rate 9%
$258,556
Alternative Uses
Best Use
Retail
$332.4K
$290.9K – $387.8K
NOI $23,270 @ 7.0% cap · market cap 3.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$498.7K
$436.4K – $581.8K
NOI $34,910 @ 7.0% cap · market cap 5.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,214
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - The interior can operate as a single storefront or be separated into two commercial spaces.
Where is this retail space located?
The property is located at 312-314 NW COAST Street Newport, OR.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Two connected retail condo units totaling 1,912 square feet; Can be used together or divided into two 956‑square‑foot spaces; Each unit includes a bathroom and storage room
