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    1118 Canyon Way Newport, OR 97365

    Sponsored
    For Sale
    $1,800,000

    Historic District, High-Income Potential

    Property size:
    5,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional fee-simple property, located at 1118 SW Canyon Way in Newport, Oregon's historic bayfront district, presents a lucrative investment opportunity. The 2019-built, 5,000 square foot commercial building sits on a substantial 23,522.4 square foot lot and boasts a long-term tenant, a thriving brewery and restaurant, generating a gross annual income of $120,000. The property includes four bayview lots and ample parking for 21 vehicles. The sale includes the land and building only

    Property Features for 1118 Canyon Way

    General Information

    Property type
    Restaurants
    Square Feet
    5,000 SF

    Building Details

    Year Built
    2019

    HighLights

    • Fee‑simple ownership of a 5,000 sq ft commercial building on a 23,522.4 sq ft lot in Newport, OR's historic bayfront district.
    • 2019 construction with a long‑term tenant (brewery/restaurant) generating $120,000 annual gross income.
    • Includes four bayview lots and parking for 21 vehicles.
    • Land and building only included in sale.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Anchor @ Newport Brewing ... Restaurant Newport Brewing Company Brewery

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Newport
    County
    Lincoln
    State
    Oregon
    Longitude
    -124.0557837
    Latitude
    44.6314379

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    FAQs

    What type of property is this?
    Restaurant - Historic District, High-Income Potential
    Where is this restaurant located?
    The property is located at 1118 Canyon Way Newport, OR.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: Fee-simple ownership of a 5,000 sq ft commercial building on a 23,522.4 sq ft lot in Newport, OR's historic bayfront district.; 2019 construction with a long-term tenant (brewery/restaurant) generating $120,000 annual gross income.; Includes four bayview lots and parking for 21 vehicles.
    Request Owner's contact information
    1118 Canyon Way 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
    1118 Canyon Way Newport, OR 97365
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