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    101 Tl 8200 Hwy, Fruitvale, OR 97365

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    Property summary
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    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.

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    Property type Specialty properties
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Permitted uses
    Allowed · conditional · prohibited
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