Property summary
This exceptional 3.06-acre industrial property in Newport, Oregon, presents a unique investment opportunity. Located at Lot 10100 SE 40th St, this I-3 zoned land offers diverse development potential. The site encompasses 2.33 acres of designated forest and a 0.73-acre undeveloped industrial area featuring a 1,152 square foot storage outbuilding. Its convenient location just off Highway 101/Oregon Coast Highway provides excellent accessibility. The I-3 zoning permits a wide range of uses, including parking facilities, contractor and industrial services, light and some heavy manufacturing, warehousing, wholesale sales, educational institutions, and mining. Detailed zoning information is available on the NewportOregon.gov website. This property is identified by APN R526776 and is offered at $1,275,000. Note that an adjacent 11.56-acre industrial site (4003 S Coast Hwy) is also available for purchase. This presents a compelling opportunity for expansion or consolidation. The property's size, zoning, and location make it an attractive prospect for various industrial and commercial ventures. Serious inquiries are encouraged.
Property profile
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Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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