2950 Coho St Newport, OR 97365
- Specialty properties
- 0.23 lot acres
Current Use by Public Records
- Specialty properties
Property Details for 2950 Coho St
- Lot size
- 0.23 lot acres
- Property type
- Specialty properties
- Property subtype
- Land
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Newport
- County
- Lincoln
- State
- Oregon
- Longitude
- -124.056
- Latitude
- 44.6158
