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    837-855 Bay Blvd Newport, OR 97365

    Sponsored
    For Sale
    $849,000

    Prime Waterfront Location, High Traffic Area

    Property size:
    10,454 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial property, located at 837-855 SW Bay Boulevard in Newport, Oregon, presents a unique investment opportunity. Boasting 10,454 square feet on a 10,454.4 square foot lot, this special purpose property sits directly on Newport's historic bayfront, offering breathtaking views of the Yaquina Bay, Yaquina Bridge, and the Pacific Ocean. The property comprises three tax lots, providing flexibility and potential for future development. Its prime location within a high foot traffic area ensures excellent visibility and accessibility, surrounded by restaurants, shops, entertainment venues, and art galleries. The asking price is $849,000. The seller is open to providing down payment finance assistance or potentially offering seller financing. However, potential buyers are responsible for verifying permitted uses with the City and County of Lincoln. This is a rare chance to acquire a significant waterfront commercial property in a thriving Oregon coastal town. Don't miss this opportunity to capitalize on the vibrant Newport market.

    Property Features for 837-855 Bay Blvd

    General Information

    Property type
    Specialty properties
    Square Feet
    10,454 SF

    HighLights

    • 10,454 SF building on a 10,454.4 SF lot in Newport, OR.
    • Bayfront location with Yaquina Bay, Yaquina Bridge, and Pacific Ocean views.
    • Three tax lots offer development flexibility.
    • High foot traffic area with excellent visibility near restaurants, shops, and entertainment.
    • Asking price: $849,000; seller financing options available.
    • Buyer to verify permitted uses with Lincoln County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Newport
    County
    Lincoln
    State
    Oregon
    Longitude
    -124.0560096
    Latitude
    44.6268986

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    FAQs

    What type of property is this?
    Specialty property - Prime Waterfront Location, High Traffic Area
    Where is this specialty property located?
    The property is located at 837-855 Bay Blvd Newport, OR.
    What is the asking price?
    The asking price for this property is $849,000.
    What are key features of this property?
    This property features: 10,454 SF building on a 10,454.4 SF lot in Newport, OR.; Bayfront location with Yaquina Bay, Yaquina Bridge, and Pacific Ocean views.; Three tax lots offer development flexibility.
    Request Owner's contact information
    837-855 Bay Blvd 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
    837-855 Bay Blvd Newport, OR 97365
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