Restaurant Property with
426 501 515 NW Coast Street, Newport, OR 97365
For Sale
$2,349,000
Commercial Sale, Newport, OR
Property Size6,505 SF
Lot Size0.69 Acres
Price / SF$361.11
Days on Market646
Property Features for 426 501 515 NW Coast Street
General Information
Property type
Property subtype
Zoning
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
Accessibility
Appliances
Subdivision
Lot features
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Mixed-Use Components
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Water source
Building Details
Year built
Floors in Building
Building materials
Roof type
Listing Agency:
Taylor & Taylor Realty Company
(800) 462-0197
Listed By:
Dennis M Regen · License OR #810604051
(541) 994-4169
Added: Feb 7, 2025
Changed: Oct 28
Last Checked: Nov 14 at 1:06AM
MLS# LC-103016
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.
The property comprises a 6,505-square-foot restaurant and bar building, two commercial storefronts, and an additional parking lot across a total of 0.69 acres. The storefront real estate is included in the sale, while the businesses operating there are excluded. Existing furnishings, fixtures, and equipment are part of the offering. The buildings have concrete construction and a membrane roof, with exterior and interior improvements recently completed.
The property is zoned C-2 General Commercial and was built in 1974. Public water and sewer serve the site, and off-street parking is available. The two storefronts are leased, providing rental income alongside the restaurant property.
The property is zoned C-2 General Commercial and was built in 1974. Public water and sewer serve the site, and off-street parking is available. The two storefronts are leased, providing rental income alongside the restaurant property.
Key Highlights
- 6,505‑square‑foot restaurant and bar building
- Two leased commercial storefronts; sale includes real estate only
- Total site area of 0.69 acres, including an additional parking lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$79,168
Cap Rate
3.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,583,360
$1.6M
Cap Rate 7%
$1,130,971
$1.1M
Cap Rate 9%
$879,644
$879.6K
Market Conditions
NOI Build-Up for 6,505 SF
Gross rent
$117.1K $18.00/SF
− Vacancy
−$4.0K −$0.61/SF
EGI
$113.1K $17.39/SF
− OpEx
−$33.9K −$5.22/SF
NOI
$79.2K $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%
$1,583,360
Cap Rate 7%
$1,130,971
Cap Rate 9%
$879,644
Alternative Uses
Best Use
Retail
$1.13M
$989.6K – $1.32M
NOI $79,168 @ 7.0% cap · market cap 3.37%
Second Best
Specialty Retail
$966.5K
$845.7K – $1.13M
NOI $67,655 @ 7.0% cap · market cap 2.88%
Theoretical Best
Office A
$1.70M
$1.48M – $1.98M
NOI $118,770 @ 7.0% cap · market cap 5.06%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
957
Businesses Nearby
Under-served
Demand for This Use
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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?
Conventional restaurant - Two leased commercial storefronts and a separate parking lot accompany the restaurant space.
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: 6,505‑square‑foot restaurant and bar building; Two leased commercial storefronts; sale includes real estate only; Total site area of 0.69 acres, including an additional parking lot
