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316 SW Coast Hwy Hwy, Newport, OR 97365
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$514,990
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Home Details for 316 SW Coast Hwy Hwy
Price
$514,990
Type
Commercial/Industrial
Year Build
1962
Lot Size
0.11
County
Lincoln
Tax
$6,511.65
MLS®️ Listing#
106917442
On exitrealty.com
263 days
Property Description
Great two-story commercial building in the heart of Newport with excellent visibility off Hwy 101 and yearly GROSS INCOME OF $42,000. This large building features 3 separate bottom floor units which are currently being operated as a Mexican Store, meat market & retail store. The second story features 4 rentable business spaces with 2 currently being utilized as a yoga studio and a meeting room. There's a huge opportunity to increase total income by renting out several other spaces that aren't being utilized and with C-1 zoning, it allows for a wide range of usages. This centrally located building is close to the hospital, the Bayfront, restaurants, shopping, the ocean and much more! Buyers to perform all due diligence and verify all planned usages with the City. DO NOT DISTURB THE TENANTS.
- Heating Information
- Wall Furnace
- Zoned
- Cooling Information
- None
- Water Features
- Public
Listing Courtesy: Coldwell Banker Professional - 503-538-0468. Presented by: Lucinda Hage
The content relating to real estate for sale on this website comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by brokerage firms other than EXIT Realty are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This data last updated as of date above. Some properties which appear for sale on this website may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified. Some of these listings contain enhanced listing information including city, state, zip, and county from sources such as MSA data and USPS. Listing content is Copyright ©2025 RMLS of Portland, Oregon. All Rights Reserved.Last Updated: 2025-11-13 14:16:30
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$514,990
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EXIT REALTY BEND
805 SW Industrial Way, Suite 4, Bend, OR 97702