Retail Condominiums in Mixed-Use
For Sale
$378,350
315 NW Coast Street, Newport, OR 97365
Commercial Sale, Newport, OR
Property Size1,081 SF
Lot Size0.12 Acres
Price / SF$350
Days on Market84
Property Features for 315 NW Coast Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
C-2 Tourist Commercial (N
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Directions
Head west on NW Olive St. Take a right on NW Coast St.
Standard status
Active
APN
11-11-05-CC-88003-00
Size
1,081 SF
Lot size
0.12 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2707
HOA Fee
$138 Monthly
Amenities
dedicated onsite parking
Building Details
Year built
2007
Floors in Building
1
Roof type
Composition, Membrane
Listing Agency:
Advantage Real Estate
(541) 265-2200
Listed By:
Henry David Weiss · License #201258864
(414) 758-8089
Added: Aug 7
Changed: Oct 28
Last Checked: Oct 29 at 2:06PM
MLS# 26-2179
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 ground-floor commercial condominium units at Archway Place comprise 1,081 square feet within a mixed-use building completed in 2007. The units are occupied by a month-to-month tenant; the space may remain leased under a new agreement or be occupied by the purchaser. The tenant’s business is not part of the sale, and residential condominiums above are excluded.
The property is zoned C-2 Tourist Commercial. Onsite parking and pedestrian exposure are described, with beach access and neighboring businesses nearby. Other commercial condominium units in Archway Place are offered separately.
The property is zoned C-2 Tourist Commercial. Onsite parking and pedestrian exposure are described, with beach access and neighboring businesses nearby. Other commercial condominium units in Archway Place are offered separately.
Key Highlights
- Two ground‑floor commercial condominium units totaling 1,081 square feet
- Located within a mixed‑use building constructed in 2007
- C‑2 Tourist Commercial zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,156
Cap Rate
3.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$263,120
$263.1K
Cap Rate 7%
$187,943
$187.9K
Cap Rate 9%
$146,178
$146.2K
Market Conditions
NOI Build-Up for 1,081 SF
Gross rent
$19.5K $18.00/SF
− Vacancy
−$664 −$0.61/SF
EGI
$18.8K $17.39/SF
− OpEx
−$5.6K −$5.22/SF
NOI
$13.2K $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%
$263,120
Cap Rate 7%
$187,943
Cap Rate 9%
$146,178
Alternative Uses
Best Use
Retail
$187.9K
$164.5K – $219.3K
NOI $13,156 @ 7.0% cap · market cap 3.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$282.0K
$246.7K – $329.0K
NOI $19,737 @ 7.0% cap · market cap 5.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,133
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - Two ground-floor units are occupied by a month-to-month tenant, with flexibility for continued tenancy or owner occupancy.
Where is this retail space located?
The property is located at 315 NW Coast Street Newport, OR.
What is the asking price?
The asking price for this property is $378,350.
What are key features of this property?
This property features: Two ground‑floor commercial condominium units totaling 1,081 square feet; Located within a mixed‑use building constructed in 2007; C‑2 Tourist Commercial zoning
