426 Coast StNewport, OR 97365

Property Details for 426 Coast St

Year built

1800

Lot size

0.19 AC

Property size (Sq ft)

10,096 SF

Zone code

C-2;COMMERCIAL

Property type

Other commercial real estate

APN

11-11-05-CC-11800-00

APU

111105CC1180000

Description

This exceptional commercial property, located at 426 NW Coast Street in Newport, Oregon, presents a unique investment opportunity. The 12,632 square foot lot is situated in the heart of the historic Nye District, a vibrant area known for its charm and proximity to the beach. This strategically positioned lot offers significant potential for a variety of commercial uses, benefiting from high foot traffic generated by both local residents and tourists. A key advantage is the inclusion of 26 dedicated parking spaces, a valuable asset in a high-demand area. The property's location near beach access further enhances its appeal, ensuring consistent visibility and accessibility. The asking price for this rare commercial lot is $1,495,000. The lot's size is 12,632 square feet, providing ample space for development. The property's address is 426 NW Coast Street, Newport, OR 97365, within Lincoln County. This presents a compelling opportunity to establish a business within a thriving coastal community, leveraging the area's historical significance and tourist appeal. The ample parking ensures convenience for customers and employees, a significant advantage in a busy commercial district. Don't miss this chance to own a piece of Newport's vibrant history and capitalize on the area's bustling activity.

• Alternative Use

  Use

  Valuation

  Residential

  $2,122,991

  Hospitality

  $1,944,648

  Educational

  $1,617,925

  Medical

  $1,673,568

  Retail

  $2,516,772

Location Insight

City

Newport

County

Lincoln

State

Oregon

Latitude

44.6394

Longitude

-124.06

CBSA code

35440

CBSA name

NEWPORT, OR MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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