903/905 Coast Hwy Newport, OR 97365
- Land
- 1,445 SF
Current Use by Public Records
- Land
Property Details for 903/905 Coast Hwy
- Year built
- 1955
- Property size
- 1,445 SF
- Property type
- Land
Description
This exceptional 1,742.4 square foot commercial land parcel, located at 903/905 SW Coast Hwy in Newport, Oregon (zip code 97365), presents a unique investment opportunity. The property boasts excellent Highway 101 frontage, ensuring high visibility and accessibility for any business. Zoned C-1, it allows for a variety of uses, including retail and personal services. The existing structures, built in 1955, comprise four non-conforming studio apartments, currently vacant. While needing some finishing work and electrical completion, the property features newer Hardie plank siding, roof, and windows. The total building square footage is 1,445 square feet. Multiple on-street parking spaces are available, although off-street parking is not provided. A significant advantage is the property's location directly across the street from Samaritan Pacific Communities Hospital, providing a substantial potential customer base. The asking price for this strategically located commercial land is $349,000. This property offers a compelling blend of potential and location, making it an attractive investment for discerning buyers.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Newport
- County
- Lincoln
- State
- Oregon
- Longitude
- -124.061
- Latitude
- 44.6282
