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    1107-1125 Coast Hwy Newport, OR 97365

    Sponsored
    For Sale
    $997,000

    Prime Ocean View Commercial Land

    Property size:
    6,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Newport, Oregon commercial property, located at 1107-1125 SW Coast Highway, presents a unique investment opportunity. The 4,791.6 square foot lot features a fully renovated mixed-use building constructed in 1928. The building boasts three ocean-view residential apartments and three ground-floor commercial spaces, all benefiting from stunning ocean and bridge views. Extensive renovations completed in 2017 and 2018 include new wiring and plumbing, ductless heating and A/C systems in each unit, tankless hot water heaters, fiber optic internet and phone lines, hardy plank siding, vinyl windows, and a new roof. The interior has undergone a complete modern remodel, featuring new floors, walls, sheetrock, kitchens, offices, and bathrooms. The property generates over $100,000 in gross annual income, offering an attractive cap rate exceeding 8 percent. The building's excellent tenant history adds to its investment appeal. This 6,000 square foot building is priced at $997,000 and represents a compelling opportunity for discerning investors seeking a high-performing commercial property in a desirable coastal location. The property's strong income stream and recent renovations make it a truly exceptional investment.

    Property Features for 1107-1125 Coast Hwy

    General Information

    Property type
    Land
    Square Feet
    6,000 SF

    Building Details

    Year Built
    1928

    HighLights

    • $997,000 asking price.
    • 6,000 square foot commercial land parcel.
    • 4,791.6 square foot lot size.
    • Located at 1107‑1125 SW Coast Highway, Newport, OR 97365.
    • Built in 1928, fully renovated in 2017‑2018.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon 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
    -124.0607441
    Latitude
    44.6265054

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    FAQs

    What type of property is this?
    Land - Prime Ocean View Commercial Land
    Where is this land located?
    The property is located at 1107-1125 Coast Hwy Newport, OR.
    What is the asking price?
    The asking price for this property is $997,000.
    What are key features of this property?
    This property features: $997,000 asking price.; 6,000 square foot commercial land parcel.; 4,791.6 square foot lot size.
    (541) 270-2484
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    1107-1125 Coast Hwy 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
    1107-1125 Coast Hwy Newport, OR 97365
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