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    5700 9Th St Newport, OR 97365

    Sponsored
    For Sale
    $228,000

    Prime Newport location, ideal for retail or office.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial lot, located at 5700 SW 9th Street in the heart of Newport, Oregon, presents a unique investment opportunity. Priced at $228,000, this 8,712 square foot parcel is perfectly situated for a variety of commercial ventures. Its prime location offers excellent visibility and accessibility, making it an ideal site for retail establishments or professional office spaces. The property boasts a paved street frontage and readily available city utilities, simplifying the development process and minimizing upfront infrastructure costs. The lot is situated in Lincoln County, Oregon, with a zip code of 97365. Its coordinates are 44.6304683 latitude and -124.0594304 longitude. This is a rare opportunity to acquire a well-located commercial lot in a thriving Oregon coastal community. The property's size and location make it suitable for a range of development projects, offering significant potential for future growth and return on investment. The convenient access to city utilities and paved street access further enhance its appeal to prospective developers and businesses. Don't miss this chance to secure a prime piece of Newport commercial real estate.

    Property Features for 5700 9Th St

    General Information

    Property type
    Specialty properties

    HighLights

    • $228,000 asking price.
    • Special purpose property.
    • 8,712 square foot lot.
    • Located in Newport, Oregon, at 5700 SW 9th Street.
    • Ideal for retail or professional office use.
    • Paved street access and city utilities available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newport
    County
    Lincoln
    State
    Oregon
    Longitude
    -124.0594304
    Latitude
    44.6304683

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    FAQs

    What type of property is this?
    Specialty property - Prime Newport location, ideal for retail or office.
    Where is this specialty property located?
    The property is located at 5700 9Th St Newport, OR.
    What is the asking price?
    The asking price for this property is $228,000.
    What are key features of this property?
    This property features: $228,000 asking price.; Special purpose property.; 8,712 square foot lot.
    Request Owner's contact information
    5700 9Th St Newport, OR 97365
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    Newport, OR 97365
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5700 9Th St Newport, OR 97365
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