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    8000 Alpine St Newport, OR 97365

    For Sale
    $95,000

    Build Your Dream Business in Newport, OR

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 3,049.2 square foot commercial lot presents a unique investment opportunity in the highly desirable Nye Beach area of Newport, Oregon. Located at 8000 NW Alpine Street, this property boasts flexible zoning, opening doors to a wide array of potential commercial ventures. The asking price is $95,000, making it an attractive proposition for savvy investors seeking a foothold in a thriving coastal community. The property's location within Nye Beach offers unparalleled access to the area's vibrant atmosphere, attracting significant foot traffic and tourism. This translates to high visibility and potential for strong returns on investment. The generous lot size provides ample space for development, allowing for creative design and efficient use of the land. The flexible zoning regulations offer considerable latitude in terms of permitted uses, making this property suitable for a diverse range of businesses. With its prime location and development potential, this commercial lot represents a rare opportunity to establish a successful enterprise in one of Oregon's most sought-after coastal destinations. The property is situated in Lincoln County, Oregon, and has a 97365 zip code. Its geographic coordinates are 44.6398564 latitude and -124.0614991 longitude. This is a truly exceptional opportunity to capitalize on the burgeoning commercial landscape of Nye Beach.

    Property Features for 8000 Alpine St

    General Information

    Property type
    Specialty properties

    HighLights

    • $95,000 asking price.
    • Special purpose property.
    • 3,049.2 square foot lot.
    • Located at 8000 NW Alpine Street, Newport, OR 97365.
    • Flexible zoning allows for multiple uses.
    • Excellent Nye Beach location.
    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 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
    -124.0614991
    Latitude
    44.6398564

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    FAQs

    What type of property is this?
    Specialty property - Build Your Dream Business in Newport, OR
    Where is this specialty property located?
    The property is located at 8000 Alpine St Newport, OR.
    What is the asking price?
    The asking price for this property is $95,000.
    What are key features of this property?
    This property features: $95,000 asking price.; Special purpose property.; 3,049.2 square foot lot.
    Request Owner's contact information
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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
    8000 Alpine St Newport, OR 97365
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