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    135 15Th St Newport, OR 97365

    Sponsored
    For Sale
    $499,000

    10,454 sq ft lot, $499,000

    Property size:
    2,337 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional commercial land parcel, located at 135 NW 15th Street in Newport, Oregon, presents a unique investment opportunity. The 10,454.4 square foot lot is improved with a 2,337 square foot building constructed in 1982. The building offers versatile space ideal for a variety of commercial uses. The first floor currently features five individual offices, a reception area, a restroom, ample storage, a work area, and a room suitable for darkroom use or additional storage. A second-floor kitchen/break room or meeting area provides additional functional space. An executive office with its own private restroom is also located on the second floor. The ground floor includes a large unfinished area, offering significant potential for expansion or additional storage. The property also boasts a substantial concreted parking area, providing convenient parking for employees and clients. This property is zoned for commercial use and is situated in the desirable city of Newport, Oregon, with a zip code of 97365. The asking price for this property is $499,000. This is a rare opportunity to acquire a well-located commercial property with significant potential for growth and development in a thriving Oregon coastal community.

    Property Features for 135 15Th St

    General Information

    Property type
    Land
    Square Feet
    2,337 SF

    Building Details

    Year Built
    1982
    Property Profile Location Intelligence

    Current Use by Public Records

    Central Coast Dental ... Dentist

    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
    -124.0537801
    Latitude
    44.6481138

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    FAQs

    What type of property is this?
    Land - 10,454 sq ft lot, $499,000
    Where is this land located?
    The property is located at 135 15Th St Newport, OR.
    What is the asking price?
    The asking price for this property is $499,000.
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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
    135 15Th St Newport, OR 97365
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