845-855 Bay Blvd, Newport, OR 97365
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.