101 Tl 8200 Hwy, Fruitvale, OR 97365
This exceptional 21,780 sq ft commercial lot in Newport, Oregon, presents a rare development opportunity. Located directly on Highway 101, this C3-zoned parcel is the last available vacant lot in North Newport, offering unparalleled visibility and accessibility. The property boasts a generous size of approximately 200 feet by 110 feet, providing ample space for a variety of commercial ventures. Infrastructure is already in place, with ingress/egress shared with O'Reilly Auto Parts and utilities conveniently located at the street. The level land is ready for immediate construction, making it ideal for a quick turnaround. The owner is open to leasing to a qualified tenant or pursuing a build-to-suit arrangement. Adding to its appeal, the property offers three convenient access points. Its strategic location across from Fred Meyer and near several shopping plazas ensures high traffic and visibility, maximizing potential for success. Priced at $949,000, this is a unique chance to acquire a prime commercial property in a thriving Oregon coastal community. The Lincoln County location and 97365 zip code further enhance its desirability.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.