426 NW Coast St Newport, OR 97365

10,096 SF 0.19 ac lot Built 1800

Entity Owned 8-yr Hold Absentee Owner ~ Est. High Equity

Property ID

US71-0612282

$2,349,000 10,096 SF

426 NW Coast St, Newport, OR 97365
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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.