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    714 Hurbert St Newport, OR 97365

    Sponsored
    For Sale
    $350,000

    Prime City Center lot, ready to build!

    Property size:
    1,008 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 3,049.2 square foot commercial land parcel, located at 714 SW Hurbert Street in Newport, Oregon (zip code 97365), presents a unique investment opportunity. The property, built in 1938, boasts a 1,008 square foot footprint and has undergone significant improvements. These include a new roof, electrical panel and meter, natural gas hookup, a bump-out designed for ADA-compliant bathrooms, reinforced structural beams, attractive vaulted ceilings, new floor joists, and a new sewer line. The property's location within Newport's City Center offers easy access to amenities and is less than half a mile from the beach. Ample parking is available, including street parking, a nearby public lot, and dedicated parking in the rear with potential for an ADA-accessible stall. The rear of the property provides space for a patio or garden. This site is situated within the Newport City Center Revitalization Plan, potentially opening doors to grant funding for facade improvements. Interested parties should contact the City of Newport directly to learn more about the revitalization plan and permitted land uses. The asking price for this remarkable property is $350,000.

    Property Features for 714 Hurbert St

    General Information

    Property type
    Land
    Square Feet
    1,008 SF

    Building Details

    Year Built
    1938

    HighLights

    • 3,049.2 SF commercial lot at 714 SW Hurbert Street, Newport, OR 97365.
    • 1,008 SF building (1938) with recent upgrades including new roof, electrical, gas hookup, and sewer line.
    • ADA‑compliant bathroom bump‑out, reinforced beams, vaulted ceilings, and new floor joists.
    • Newport City Center location, <0.5 mile to beach, ample parking (street, public lot, rear).
    • Potential for patio/garden, eligible for City Center Revitalization Plan grant funding. Asking price: $350,000.
    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
    -124.0572784
    Latitude
    44.6333553

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    FAQs

    What type of property is this?
    Land - Prime City Center lot, ready to build!
    Where is this land located?
    The property is located at 714 Hurbert St Newport, OR.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: 3,049.2 SF commercial lot at 714 SW Hurbert Street, Newport, OR 97365.; 1,008 SF building (1938) with recent upgrades including new roof, electrical, gas hookup, and sewer line.; ADA-compliant bathroom bump-out, reinforced beams, vaulted ceilings, and new floor joists.
    Request Owner's contact information
    714 Hurbert St 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
    714 Hurbert St Newport, OR 97365
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