1118 Canyon WayNewport, OR 97365
For Sale
$1,800,000
View listing
- Turn key restaurants
- 4,932 SF
Property Details for 1118 Canyon Way
- Year built
- 2017
- Lot size
- 0.27 AC
- Property size (Sq ft)
- 4,932 SF
- Zone code
- C-1;COMMERCIAL
- Property type
- Turn key restaurants
- APN
- 11-11-08-BD-16500-00
- APU
- 111108BD1650000
Description
This exceptional fee-simple property, located at 1118 SW Canyon Way in Newport, Oregon's historic bayfront district, presents a lucrative investment opportunity. The 2019-built, 5,000 square foot commercial building sits on a substantial 23,522.4 square foot lot and boasts a long-term tenant, a thriving brewery and restaurant, generating a gross annual income of $120,000. The property includes four bayview lots and ample parking for 21 vehicles. The sale includes the land and building only
Valuation
by Realmo methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,331,925
- 6.5%
- $1,229,469
- 7%
- $1,141,650
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,957,561
- Geo Method
- $3,184,590
-
Alternative Use
- Use
- Valuation
- Residential
- $1,037,103
- Hospitality
- $949,981
- Educational
- $790,373
- Medical
- $817,555
- Retail
- $1,229,469
1118 Canyon Way, Newport, Oregon
Leaflet | © OpenStreetMap contributors
Location Insight
- City
- Newport
- County
- Lincoln
- State
- Oregon
- Latitude
- 44.6313
- Longitude
- -124.056
- CBSA code
- 35440
- CBSA name
- NEWPORT, OR MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$11,180
-
-
$616,040
-
$201,550
$831,810
$1,033,360
Comparable in this City
Similar Nearby for Sale
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