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    Toledo, OR Otter Rock, OR Seal Rock, OR Siletz, OR Depoe Bay, OR Waldport, OR Logsden, OR Blodgett, OR
    Ocean-View Office Building
    Updated: May 9, 2023
    Ocean-View Office Building

    242 W Olive Street, Newport, OR 97365

    $579,000
    2,295 sqft 0.29 AC lot
    0.29‑acre office site
    2,295 SF two‑level office building with ocean views
    Zoned C‑1 Commercial
    Recep­tion areas on main and upper levels plus 4 offices main, 2 offices upper
    Each level metered separately with F/A gas furnace and heat pump plus air‑conditioning
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    This listing looks promising.

    Here's a quick look at some key insights for

    242 W Olive Street, Newport, OR 97365

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    • Est. Cap Rate

      6.1%
      Above avg (5.9%)

    • Est. NOI

      $35K
      Annual

    • Price @ 7% Cap

      $504K
      Suggested

    • Last Sold

      May 2010
      $275K

    • Property Type

      Commercial Office (General)
      Built 1957
    View Property Analytics
    Office Building with Ocean Views
    Updated: May 9, 2023
    Office Building with Ocean Views

    242 W Olive Street, Newport, OR 97365

    $579,000
    2,295 sqft
    Two‑level office building totaling 2,295 SF with separate reception areas, offices, and break rooms on each level
    Main level layout includes reception, 4 offices, kitchen/break room, and bathroom
    Upper level layout includes reception, 2 offices, kitchen/break room, and second bathroom
    Each level is separately metered
    HVAC includes a F/A gas furnace & heat pump with air‑conditioning for each level
    View details
    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Newport, OR, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Historic Office Building with 1930s Charm
    Historic Office Building with 1930s Charm

    260 W Willow Street, Waldport, OR 97394

    $749,000
    2,513 sqft

    1930s two-story office building remodeled in 1990 with versatile interior spaces, multiple parking, and a carport.

    View details
    Two-Story Historic Office Building
    Two-Story Historic Office Building

    260 W Willow Street, Waldport, OR 97394

    $749,000
    0.12 AC lot

    Historic two-story office building on public utilities with central air and multiple parking including RV and driveway access.

    View details
    Two-Building Live-Work Property
    Two-Building Live-Work Property

    804-812 SW 4th St, Corvallis, OR 97333

    Contact for pricing

    Office building plus a 3-bedroom home with wood floors and dry basement; on-site and street parking available.

    View details
    Professional Office Building For Sale
    Professional Office Building For Sale

    2165 NW Professional Dr, Corvallis, OR 97330

    Contact for pricing
    7,070 sqft

    7,070 SF office building in Walnut Professional Center.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Commercial Land with Old Home
    Commercial Land with Old Home

    51738 SW OLD PORTLAND, Scappoose, OR 97056

    $499,900
    1,536 sqft

    Commercial land featuring a historic home with commercial zoning.

    View details
    Warrenton, OR Commercial Land
    Warrenton, OR Commercial Land

    Tax ID 30749, Warrenton, OR 97146

    $39,000
    0.23 AC lot

    Commercial mixed-use land for sale in Warrenton, Oregon.

    View details
    Riverside Land in Columbia City
    Riverside Land in Columbia City

    Columbia City, OR 97018

    $649,000
    0.46 AC lot

    Prime 20,000 sq ft lot with Columbia River views.

    View details
    Prime Bandon Building Lot
    Prime Bandon Building Lot

    Beach Loop Dr SW, Bandon, OR 97411

    $350,000
    0.26 AC lot

    Generously sized lot near wildlife refuge and beach access.

    View details

    Newport, OR Office Buildings Market Trends and Statistics

    Explore 2 office buildings for sale in Newport, OR on our real estate platform. These investment opportunities span a total of 4,590 square feet of properties for sale, with an estimated market value of $1,158,000.

    Sale prices for office properties in Newport, OR average $579,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Office Units 6
    Creative space 3
    Medical Office Space 3
    Office buildings 2

    Demographics Overview

    Population 13K
    Population Growth (5Y) +13.0%
    Median Household Income $64,477
    College Educated 46.5%

    High-Yield Neighborhoods for Investment

    Identify Newport submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    97365 $579K

    Taxes & Financing

    Tax Rate (average for all types) 1.80%
    Property Tax per SF $6.54 per SF
    Tax Rate vs County Average 0.12 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Lincoln County

    New Delisted

    Total CRE Inventory on Market (SF)

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