755 Of College Way, Newport, OR 97366
This exceptional Newport, Oregon commercial property presents a unique investment opportunity. Priced at $200,000, the offering encompasses a multi-tenant commercial building situated at 755 (West Of) College Way, 97366, along with three adjacent vacant lots, totaling 7,405.2 square feet. This presents a compelling proposition for investors seeking either individual lot acquisitions or a comprehensive package deal. The property is zoned C-1: Commercial Retail and Service, providing flexibility for a variety of commercial uses. Located in the heart of a dynamic community emphasizing sustainable living and thoughtful design, this property offers significant potential for growth and profitability. The existing multi-tenant building provides immediate income potential, while the vacant lots offer opportunities for future development or expansion. A video tour is available for a detailed visual overview of the property and its surroundings. This is a chance to become a key part of a thriving community, shaping its future with a vision for sustainable and profitable growth. The property's prime location in Lincoln County, Oregon, offers excellent visibility and accessibility. Serious inquiries are encouraged to explore this remarkable investment opportunity further.
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.