538 SW Coast Hwy Newport, OR 97365

Property Details for 538 SW Coast Hwy

Year built

1944

Lot size

0.45 lot acres

Property size

11,864 SF

Zone code

C-1;COMMERCIAL

Property type

Hotels

Property subtype

Motels

APN

11-11-08-BC-08500-00

APU

111108BC0850000

Description

This commercially zoned property at 538 SW Coast Highway in Newport, Oregon, presents a unique investment opportunity. Boasting a substantial 19,602 square foot lot, the property enjoys approximately 80 feet of frontage along the highly trafficked Highway 101. The commercial zoning allows for a wide range of potential uses, making it ideal for entrepreneurs and developers alike. While a previous motel building has been removed and a small basement filled in, the cleared lot offers a blank canvas for new construction. The property's strategic location provides easy access to numerous amenities, including restaurants, attractions, and miles of sandy beaches. Adding to its appeal, an existing billboard sign on the property generates a consistent monthly income stream through a current lease agreement. The potential for ocean views from a second-story building further enhances the property's desirability. Located in Lincoln County, Oregon, with a zip code of 97365, this property is priced at $842,886. This is a rare chance to acquire a well-situated commercial parcel in a thriving coastal community.