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OFF-MARKET
Specialty properties

845-855 Bay Blvd Newport, OR 97365

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Property summary
AI-generated overview

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.

Property profile
Verified
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
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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