714 Hurbert St Newport, OR 97365-4913
This exceptional 3,049.2 square foot commercial land parcel, located at 714 SW Hurbert Street in Newport, Oregon (zip code 97365), presents a unique investment opportunity. The property, built in 1938, boasts a 1,008 square foot footprint and has undergone significant improvements. These include a new roof, electrical panel and meter, natural gas hookup, a bump-out designed for ADA-compliant bathrooms, reinforced structural beams, attractive vaulted ceilings, new floor joists, and a new sewer line. The property's location within Newport's City Center offers easy access to amenities and is less than half a mile from the beach. Ample parking is available, including street parking, a nearby public lot, and dedicated parking in the rear with potential for an ADA-accessible stall. The rear of the property provides space for a patio or garden. This site is situated within the Newport City Center Revitalization Plan, potentially opening doors to grant funding for facade improvements. Interested parties should contact the City of Newport directly to learn more about the revitalization plan and permitted land uses. The asking price for this remarkable property is $350,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C-1;COMMERCIAL · Newport, ORNewport. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.