Property profile

837-855 Bay Blvd Newport, OR 97365

OFF-MARKET
Specialty properties
10,454 SF
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Property summary

AI-generated overview

This exceptional commercial property, located at 837-855 SW Bay Boulevard in Newport, Oregon, presents a unique investment opportunity. Boasting 10,454 square feet on a 10,454.4 square foot lot, this special purpose property sits directly on Newport's historic bayfront, offering breathtaking views of the Yaquina Bay, Yaquina Bridge, and the Pacific Ocean. The property comprises three tax lots, providing flexibility and potential for future development. Its prime location within a high foot traffic area ensures excellent visibility and accessibility, surrounded by restaurants, shops, entertainment venues, and art galleries. The asking price is $849,000. The seller is open to providing down payment finance assistance or potentially offering seller financing. However, potential buyers are responsible for verifying permitted uses with the City and County of Lincoln. This is a rare chance to acquire a significant waterfront commercial property in a thriving Oregon coastal town. Don't miss this opportunity to capitalize on the vibrant Newport market.

Property profile

Verified
Property type Specialty properties
Total area 10,454 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

837-855 Bay Blvd Newport, OR 97365
Newport metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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