1547 Coast Hwy Newport, OR 97365-2356

This exceptional 6,534 square foot commercial land parcel, located at 1547 N Coast Highway in Newport, Oregon, presents a unique investment opportunity. The property boasts a substantial 4,776 square foot building, constructed in 1936, currently featuring two income-generating leased units. Detailed financial information for the property is available upon request to qualified buyers following the submission of a formal offer. Situated in the desirable Lincoln County, this property offers excellent visibility and accessibility along the bustling Coast Highway. The 97365 zip code provides convenient access to local amenities and services. This is an ideal opportunity for investors seeking a proven income stream with potential for future development or expansion. The property's location offers significant advantages for a variety of commercial uses, benefiting from high traffic volume and proximity to the Oregon coast's attractions. The existing building provides immediate return on investment, while the substantial lot size allows for future growth and development possibilities. Serious inquiries are encouraged to explore this promising commercial real estate investment. The property is offered at $650,000.