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    1547 Coast Hwy Newport, OR 97365

    Sponsored
    For Sale
    $650,000

    Prime Coastal Oregon Commercial Lot

    Property size:
    4,776 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    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.

    Property Features for 1547 Coast Hwy

    General Information

    Property type
    Land
    Square Feet
    4,776 SF

    Building Details

    Year Built
    1936

    HighLights

    • $650,000 asking price.
    • 4,776 square foot commercial land parcel.
    • Located at 1547 N Coast Highway, Newport, OR 97365.
    • 6,534 square foot lot size.
    • Built in 1936.
    • Two‑unit commercial building with current leases; financials available upon request.
    Property Profile Location Intelligence

    Current Use by Public Records

    Jessica Steenkolk at CrossCountry ... Mortgage Lender CrossCountry Mortgage, LLC Mortgage Lender The Vivid Pup Pet ... Pet Groomer

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Newport
    County
    Lincoln
    State
    Oregon
    Longitude
    -124.0532396
    Latitude
    44.6490495

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    FAQs

    What type of property is this?
    Land - Prime Coastal Oregon Commercial Lot
    Where is this land located?
    The property is located at 1547 Coast Hwy Newport, OR.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: $650,000 asking price.; 4,776 square foot commercial land parcel.; Located at 1547 N Coast Highway, Newport, OR 97365.
    Request Owner's contact information
    1547 Coast Hwy 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
    1547 Coast Hwy Newport, OR 97365
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