711 2Nd St Newport, OR 97365

This exceptional property at 711 NW 2nd St, Newport, Oregon, presents a unique investment opportunity. Currently operating as a successful tapas restaurant, "Zuritas," this 2-story, 2,276 square foot building sits on a 5,175 square foot lot and offers immense versatility. Built in 2006, the structure is zoned C-2, allowing for a range of commercial and potentially residential uses. The building boasts a full-service restaurant and bar setup, ready for immediate operation or creative repurposing. Located in the heart of Nye Beach, a vibrant neighborhood renowned for its culinary scene, inns, and hotels, this property enjoys a prime location just two blocks from the beach, ensuring high visibility and foot traffic. The asking price is $1,350,000, and the property is offered free and clear, representing a compelling value-add investment in a thriving coastal Oregon community. The existing restaurant infrastructure provides a solid foundation for continued success in the hospitality sector, while the flexible zoning opens doors to diverse commercial ventures or even mixed-use development. This is an exceptional chance to acquire a well-situated property with significant upside potential in a desirable coastal market.