2950 Coho St, Newport, OR 97365

Exceptional investment opportunity in Newport, Oregon, presents a 0.23-acre commercial land parcel located at 2950 SW Coho, zip code 97365. This property encompasses a brand-new, six-unit condo complex ideally situated near the beach. Each condo unit is move-in ready, featuring a washer/dryer hookup and dedicated parking space. The complex offers stunning coastal views and convenient access to Newport's attractions. The asking price for this exceptional property is $2,400,000. This development presents strong rental potential and significant appreciation potential, making it an attractive investment for those seeking year-round rental income or vacation rental opportunities. The property's location provides easy access via SW Abalone St and SW 30th St. This is a rare chance to acquire a thriving coastal commercial property in a highly desirable location. The property is classified as Special Purpose, Commercial, Other. This is a turnkey investment ready for immediate income generation. The property's proximity to the beach and Newport's amenities ensures high occupancy rates and strong rental demand.