5262 Yaquina Bay Rd, Newport, OR 97365

1.5 ac lot Built 1800

Entity Owned Free & Clear

Property ID

US71-0317752

$2,950,000

5262 Yaquina Bay Rd, Newport, OR 97365
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This exceptional Newport, Oregon commercial property, situated on Yaquina Bay at Oneatta Point, offers a unique investment opportunity. Spanning 567,586.8 square feet, the property includes four existing structures totaling approximately 21,400 square feet. These buildings comprise a 10,000 sq ft main shop/office/work bay, a 7,000 sq ft building currently used for seafood processing, a 4,000 sq ft high-bay work area with aggregate flooring, and a 400 sq ft restroom and shower facility. The property boasts two boat pullouts, 230 and 480-volt power supplied by a public utility, and a well providing approximately 60 gallons of potable water per minute. Wastewater is managed via a drain field. The site is zoned MP "planned marine," lies outside the urban growth boundary, and is within an Enterprise Zone. Current uses include live seafood holding and transshipment, aquaculture development, and a construction contractor's shop, warehouse, and laydown yard. The zoning permits one residence for a caretaker. Built in 1800, this landmark property presents significant potential for diverse commercial ventures. The asking price is $2,888,000.