426 501 515 NW Coast Street Newport, OR 97365

Building Details

Year Built

1974

Listing agency Taylor & Taylor Realty Company t***@teamregen.net Show Phone

Listed by Dennis M Regen · License #810604051 Show Phone

Source Martekrealestate

Added: Feb 7, 2025 Updated: Jul 22 at 7:06PM Checked: Jul 22 at 7:06PM

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Investment Insights

Based on property information with market context.

This property includes a former restaurant and bar space that is fully equipped and offered as a turnkey setup, with existing furnishings, fixtures, and equipment included in the sale. Brand new PVC membrane roof has been installed on all buildings, and both exterior and interior updates have been completed.

The property is located in the Nye District in a high-foot-traffic area near beach access, supporting consistent visits from both locals and tourists.

In addition to the restaurant/bar space, the sale includes an additional parking lot and two commercial storefronts. The two storefronts are currently leased, with the storefront sale covering the real estate only, not the existing businesses.

Key Highlights

• New PVC membrane roof installed on all buildings (year built: 1974)
• Former restaurant and bar space comes fully equipped with existing furnishings, fixtures, and equipment
• Sale includes two commercial storefronts that are currently leased

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FAQs

What type of property is this?

Conventional restaurant - Fully equipped restaurant and bar with a new PVC membrane roof, plus two leased storefronts and an additional parking lot.

Where is this conventional restaurant located?

The property is located at 426 501 515 NW Coast Street Newport, OR.

What is the asking price?

The asking price for this property is $2,349,000.

What are key features of this property?

This property features: New PVC membrane roof installed on all buildings (year built: 1974); Former restaurant and bar space comes fully equipped with existing furnishings, fixtures, and equipment; Sale includes two commercial storefronts that are currently leased