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    314 Coast St Newport, OR 97365

    Sponsored
    For Sale
    $530,000

    Prime Retail Lot, Newport, Oregon

    Property size:
    956 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    399
    This exceptional commercial land parcel, located at 314 NW Coast Street in Newport, Oregon's vibrant Nye Beach district, presents a rare investment opportunity. The 956 square foot lot, situated directly across from the iconic Nye Beach Arch, offers high visibility and foot traffic. Built in 1999, the property boasts a recently replaced roof, ensuring long-term cost savings. A significant advantage is the dedicated off-street parking, a rare commodity in this desirable location. Low monthly dues cover all exterior maintenance, minimizing ongoing expenses for the owner. The open interior floor plan features high ceilings, providing exceptional flexibility for a wide range of commercial uses. This property is ideal for entrepreneurs seeking a high-profile location in a thriving coastal community. The address is 314 NW Coast Street, Newport, OR 97365, within Lincoln County. The asking price is $530,000. This is a unique chance to acquire a well-maintained, strategically located commercial property in a highly sought-after area. Don't miss this chance to establish your business in the heart of Nye Beach.

    Property Features for 314 Coast St

    General Information

    Property type
    Land
    Square Feet
    956 SF

    Building Details

    Year Built
    1999
    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
    -124.0605718
    Latitude
    44.638637

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    FAQs

    What type of property is this?
    Land - Prime Retail Lot, Newport, Oregon
    Where is this land located?
    The property is located at 314 Coast St Newport, OR.
    What is the asking price?
    The asking price for this property is $530,000.
    (541) 961-2085
    Request Owner's contact information
    314 Coast 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
    314 Coast St Newport, OR 97365
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