Commercial Land Development
For Sale
Contact for pricing
580 W NE Hwy 20, Toledo, OR 97391
Two parcels with highway frontage, an existing restaurant building, and a rear apartment offer flexible development options.
Property SizeContact for details
Lot Size0.64 Acres
Days on Market122
Property Features for 580 W NE Hwy 20
General Information
Standard status
Active
Lot size
0.64 Acres
Property subtype
Retail
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Multifamily Units
1
Listing Agency:
Gall Real Estate Services, LLC
(503) 363-6051
Listed By:
Jennifer Hand · License #OR 960600193
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Jul 23 at 11:34AM
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 Gall Real Estate Services, LLC
Investment Insights
Based on property information with market context.
This development opportunity consists of two parcels totaling 0.64 of an acre with highway frontage along W. NE Hwy 20 in Toledo, OR. The property includes an existing building that operated as a long-term restaurant, with the walk-in and some stainless equipment still in place, along with one apartment in the rear.
The offering is described as being located approximately six miles from Newport, and the commercial zoning is characterized as flexible, allowing the site to be considered for a number of retail uses. The buyer would also have the opportunity to add additional developable square footage by leveling the rear portion of the property.
The owner is willing to carry a small second for a qualified buyer.
The offering is described as being located approximately six miles from Newport, and the commercial zoning is characterized as flexible, allowing the site to be considered for a number of retail uses. The buyer would also have the opportunity to add additional developable square footage by leveling the rear portion of the property.
The owner is willing to carry a small second for a qualified buyer.
Key Highlights
- Development opportunity about 6 miles from Newport.
- Two parcels total 0.64 acre with highway frontage.
- Existing restaurant building with walk‑in and some stainless equipment still in place.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
225
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 97391, OR
5,610
Population
2,478
Households
2.3
Avg Household Size
42
Median Age
23%
College-Educated
86%
High-School Grad
115.3 sq mi
ZIP Area
49
Density / Sq Mi
$57,793
Median Household Income
$35,241
Median Earnings
$1,046
Median Rent
$355,100
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Two parcels with highway frontage, an existing restaurant building, and a rear apartment offer flexible development options.
Where is this conventional restaurant located?
The property is located at 580 W NE Hwy 20 Toledo, OR.
What are key features of this property?
This property features: Development opportunity about 6 miles from Newport.; Two parcels total 0.64 acre with highway frontage.; Existing restaurant building with walk‑in and some stainless equipment still in place.
