755 Of College Way, Newport, OR 97366
This exceptional Newport, Oregon investment presents a unique opportunity to acquire a multi-tenant commercial building situated on a substantial 3,920.4 square foot lot. The property is located at 755 SE (North Of) College Way, in the heart of a dynamic and growing community, and is zoned C-1 for Commercial Retail and Service uses. The offering includes not only the existing commercial building but also three additional vacant tax lots, providing significant potential for expansion or separate development. This presents a compelling investment opportunity, whether you choose to acquire the entire package or focus on individual components. The existing building offers immediate income potential, while the vacant lots provide a platform for future growth and development within a thriving community known for its commitment to sustainable living and thoughtful design. The asking price for this combined property is $100,000. A video tour is available for a more detailed view of the property and its potential. This is a rare chance to become a significant part of a flourishing community. The property is located in Lincoln County, Oregon, with a zip code of 97366.
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
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.