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Built-Out Bar and Pub Space
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515 NW Coast Street, Newport, OR 97365

C-2 General Commercial space retains improvements from a prior restaurant and taphouse operation.

Space SizeContact for details
Property Size4,180 SF
Days on Market45

Property Features for 515 NW Coast Street

General Information

Standard status Active
Size 4,180 SF
Total Parking Spaces 10
Zoning C-2 General Commercial
Lease Type NNN

Lease Terms

Lease Rate $9,000 /USD/MO
Monthly Rent $9,000

Taxes and HOA fees

Annual Taxes $3,379

Building Details

Building Size 4,180 SF
Year Built 1974
Buildings 1
Stories 1
Listing Agency: Taylor & Taylor Realty Company
Listed By: Dennis M Regen · License #810604051
Source: Allprofessionalsre
Added: Jul 17 Changed: Aug 29 Last Checked: Aug 29 at 8:05PM

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 Taylor & Taylor Realty Company

Investment Insights

Based on property information with market context.

Located at 515 NW Coast Street in Newport, this 1974-built commercial property is configured for bar, pub, and related hospitality use. The premises remain substantially built out from a prior restaurant and taphouse operation, with existing improvements available for a new concept. Potential uses identified for the space include a restaurant, brewery, taproom, café, or another approved commercial use.

The property is offered under a Triple Net (NNN) lease structure and sits within Newport’s Nye Beach District. Established businesses, lodging, beach access, and year-round visitor activity are part of the surrounding setting, providing a commercial context suited to hospitality-oriented operations.

Key Highlights

  • Existing improvements from a prior restaurant and taphouse operation
  • C‑2 General Commercial zoning
  • Potential fit for a bar, restaurant, brewery, taproom, or café

Property Analytics

Current Use

The Taphouse at Nye Creek Restaurant

Suggested Use

Top Pick Grocery & Convenience Store HVAC Service Parking Lot & Garage Carpet & Flooring Store Storage Facility Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

957
Businesses Nearby
Well-served
Demand for This Use

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

Market

Vacancy Rate% for Industrial in West region

3.7% 2019
4.3% 2020
2.6% 2021
2.5% 2022
4.8% 2023
6.9% 2024
7.9% 2025
Rey
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Similar Off Market Nearby

  • Surf Town Coffee Company Roasting Headquarters (East Location) 345 SW Bay Blvd., Newport, OR 97365
  • Barge Inn Tavern 358 SW Bay Blvd., Newport, OR 97365
  • Clearwater Tent 342 SW Coast Hwy, Newport, OR 97365
  • 2 BROKE BARTENDERS 636 SW Hurbert St, Newport, OR 97365
  • Uptown Pub 636 SW Hurbert St, Newport, OR 97365, United States

Frequently Asked Questions

What type of property is this?
Bar & Pub - C-2 General Commercial space retains improvements from a prior restaurant and taphouse operation.
Where is this bar & pub located?
The property is located at 515 NW Coast Street Newport, OR.
What are key features of this property?
This property features: Existing improvements from a prior restaurant and taphouse operation; C‑2 General Commercial zoning; Potential fit for a bar, restaurant, brewery, taproom, or café
More about this property
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