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Property profile & analytics
OFF-MARKET
Office Spaces

714 Hurbert St Newport, OR 97365-4913

1,008 SF 0.07 ac lot Built 1938
Entity Owned 7-yr Hold ~ Est. High Equity
Property ID
US71-0642623
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1938
Construction WOOD
Total area 1,008 SF
Lot 0.07 ac (3,049 SF)
Zoning code C-1;COMMERCIAL
APN 11-11-08-BD-05000-00
UPID US71-0642623
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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by Request
Owner & transaction history
Blood & Sand LLC · 7 yrs held
Blood & Sand LLC
since 2019
3 recorded transactions
2019
$150,000
2014
Price N/A
2006
$175,000
Zoning & alternative use
C-1;COMMERCIAL · Newport, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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