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C-3 Commercial Lot with Drive-Through
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605 E Olive Street, Newport, OR 97365

C-3 zoning and an existing standalone structure support immediate commercial use or future redevelopment.

Property SizeContact for details
Days on Market143

Property Features for 605 E Olive Street

General Information

Standard status Active
Property subtype Land
Listing Agency: Premiere Property Group
Listed By: Casey O'Callaghan · License #201215737
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 30 at 10:44AM

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 Premiere Property Group

Investment Insights

Based on property information with market context.

Located at 605 E Olive Street in Newport, this commercial land offering fronts Highway 20 within the city limits. The approximately 50-foot frontage provides direct exposure to the highway, while the site’s position above the Bayfront District places it near Newport’s tourism and residential areas.

An existing standalone structure includes a drive-through window and is currently occupied by a dog grooming business; the business itself is excluded from the sale. The building previously operated as a coffee kiosk and may provide a functional starting point for continued small-scale commercial use. The property is zoned C-3 General Commercial. Stated development parameters include up to 85-90 percent lot coverage and building heights up to 50 feet, subject to City of Newport review and site-specific approvals.

Key Highlights

  • C‑3 General Commercial zoning
  • Approximately 50 feet of frontage on Highway 20
  • Existing standalone structure with drive‑through window

Property Analytics

Current Use

Bow-Wows Grooming Pet Grooming Service

Suggested Use

Top Pick Grocery & Convenience Store Storage Facility Electrical Service HVAC Service Parking Lot & Garage (Bike/Boat/Book/etc) Store

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

Location Intelligence

Trade Area within ½ mile

964
Businesses Nearby

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 Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Commercial land - C-3 zoning and an existing standalone structure support immediate commercial use or future redevelopment.
Where is this commercial land located?
The property is located at 605 E Olive Street Newport, OR.
What are key features of this property?
This property features: C‑3 General Commercial zoning; Approximately 50 feet of frontage on Highway 20; Existing standalone structure with drive‑through window
(541) 961-2653 Call to check price and availability
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