324 Coast Hwy Newport, OR 97365

Property Details for 324 Coast Hwy

Lot size

0.36 lot acres

Zone code

C-1;COMMERCIAL

Property type

Commercial land

APN

11-11-05-DC-90000-00

APU

111105DC9000000

Description

This exceptional 17,424 square foot commercial land parcel, located at 324 N Coast Highway in Newport, Oregon, presents a unique investment opportunity. Built in 2008, the property boasts a highly desirable location in Lincoln County, offering easy access and ample parking. Currently configured as an eleven-unit complex, the property's versatile design allows for a multitude of potential uses, catering to a range of commercial ventures. The existing structure provides a solid foundation for continued income generation, supported by a history of steady revenue. The property's substantial lot size provides significant flexibility for future development or expansion. Its prime coastal location in Newport, Oregon, offers unparalleled access to a thriving community and attractive tourism market. The property's zoning and permitted uses should be independently verified. This is an exceptional chance to acquire a well-situated commercial property with proven income potential and significant upside. The asking price is $1,000,000. Detailed financial records and property information are available upon request. The zip code is 97365. The property's latitude and longitude coordinates are 44.6383965 and -124.0525974 respectively.

Location Insight

City

Newport

County

Lincoln

State

Oregon

Longitude

-124.052

Latitude

44.6385

CBSA code

35440

CBSA name

NEWPORT, OR MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments