Retail Space with Ocean
644 S Coast Hwy, Newport, OR 97365
For Sale
$2,070,000
A multi-tenant layout and C-1 zoning accommodate a range of commercial uses.
Property Size9,400 SF
Lot Size0.40 Acres
Price / SF$220.21
Days on Market199
Property Features for 644 S Coast Hwy
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Site & Location
Highway Access
Road Access
Additional Details
Condition
Tenant in Place
Property Use
Taxes and HOA fees
Annual Taxes
Amenities
ocean views
Building Details
Building Size
Year Built
Tenancy
Listing Agency:
Windermere Willamette Valley
(541) 754-6101
Listed By:
Hong Wolfe · License OR #200609065
(541) 740-9497
Source:
Horsepowerrealestateproperties
Added: Apr 30
Changed: Nov 10
Last Checked: Nov 13 at 1:24PM
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 Windermere Willamette Valley
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Investment Insights
Based on property information with market context.
The retail property contains approximately 9,400 square feet in a multi-tenant configuration. Built in 1985, the building sits on a 0.40-acre site and includes approximately 24 surface parking spaces. Ocean views are noted, and the stated use possibilities include professional services, medical offices, and neighborhood retail.
The property is on Highway 101 in Newport, across from Good Samaritan Hospital and near the Hallmark Inn. C-1 zoning applies.
The property is on Highway 101 in Newport, across from Good Samaritan Hospital and near the Hallmark Inn. C-1 zoning applies.
Key Highlights
- Approximately 9,400 square feet on a 0.40‑acre site
- Multi‑tenant retail layout with C‑1 zoning
- Approximately 24 surface parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$114,401
Cap Rate
5.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,288,020
$2.3M
Cap Rate 7%
$1,634,300
$1.6M
Cap Rate 9%
$1,271,122
$1.3M
Market Conditions
NOI Build-Up for 9,400 SF
Gross rent
$169.2K $18.00/SF
− Vacancy
−$5.8K −$0.61/SF
EGI
$163.4K $17.39/SF
− OpEx
−$49.0K −$5.22/SF
NOI
$114.4K $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%
$2,288,020
Cap Rate 7%
$1,634,300
Cap Rate 9%
$1,271,122
Alternative Uses
Best Use
Retail
$1.63M
$1.43M – $1.91M
NOI $114,401 @ 7.0% cap · market cap 5.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.45M
$2.15M – $2.86M
NOI $171,627 @ 7.0% cap · market cap 8.29%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,318
Businesses Nearby
Explore this area
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
$418,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Retail space in Lincoln County, OR
Properties on Market for Retail space in Lincoln County
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - A multi-tenant layout and C-1 zoning accommodate a range of commercial uses.
Where is this retail space located?
The property is located at 644 S Coast Hwy Newport, OR.
What is the asking price?
The asking price for this property is $2,070,000.
What are key features of this property?
This property features: Approximately 9,400 square feet on a 0.40‑acre site; Multi‑tenant retail layout with C‑1 zoning; Approximately 24 surface parking spaces
