1547 Coast Hwy Newport, OR 97365
- Retail space
- 1,250 SF
- 0.15 lot acres
Current Use by Public Records
- Jessica Steenkolk at CrossCountry Mortgage / Mortgage Lender
- CrossCountry Mortgage, LLC / Mortgage Lender
- The Vivid Pup Pet Grooming / Pet Groomer
Property Details for 1547 Coast Hwy
- Year built
- 1936
- Lot size
- 0.15 lot acres
- Property size
- 1,250 SF
- Zone code
- C-3;HEAVY COMMERCIAL
- Property type
- Retail space
- APN
- 11-11-05-BA-14100-00
- APU
- 111105BA1410000
Description
This exceptional 6,534 square foot commercial land parcel, located at 1547 N Coast Highway in Newport, Oregon, presents a unique investment opportunity. The property boasts a substantial 4,776 square foot building, constructed in 1936, currently featuring two income-generating leased units. Detailed financial information for the property is available upon request to qualified buyers following the submission of a formal offer. Situated in the desirable Lincoln County, this property offers excellent visibility and accessibility along the bustling Coast Highway. The 97365 zip code provides convenient access to local amenities and services. This is an ideal opportunity for investors seeking a proven income stream with potential for future development or expansion. The property's location offers significant advantages for a variety of commercial uses, benefiting from high traffic volume and proximity to the Oregon coast's attractions. The existing building provides immediate return on investment, while the substantial lot size allows for future growth and development possibilities. Serious inquiries are encouraged to explore this promising commercial real estate investment. The property is offered at $650,000.
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
- -124.053
- Latitude
- 44.649
- CBSA code
- 35440
- CBSA name
- NEWPORT, OR MICROPOLITAN STATISTICAL AREA
