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    845-855 Bay Blvd, Newport, OR 97365

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    This exceptional offering presents a rare opportunity to acquire two contiguous waterfront lots totaling 4,356 square feet, situated on Newport, Oregon's historic Bayfront at 845-855 SW Bay Boulevard, zip code 97365. Boasting breathtaking views of the Yaquina Bay, Yaquina Bridge, and the Pacific Ocean, this property enjoys a highly desirable location within a vibrant area known for its high foot traffic. The surrounding neighborhood is bustling with restaurants, shops, entertainment venues, and art galleries, ensuring consistent visibility and potential for a variety of commercial uses. The asking price for this combined parcel is $425,000. It's important to note that this sale is contingent upon the sale of an adjacent lot (MLS 24-2010, tax lot 2201), and the seller retains the right to approve the buyer's intended use of the property. This unique opportunity allows for significant development potential in a prime waterfront location. The property's location in Lincoln County, Oregon, offers unparalleled access to the natural beauty and recreational opportunities of the Oregon coast. Serious inquiries only.

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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
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    Realmo proprietary · 4 methods
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