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James Hauge

jamesh@legacyre.com +1(503) 877-2101

$ 2,849,000

Est. payment -/mo

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Price Dropped by $50K

426, 501, 515 NW Coast Street Newport, OR 97365

2 Baths

6,505 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 6,505 sqft

Price per Sqft $437

Subdivision Nye & Thompson

MLS Listing ID 25-221

HOA Y/N No

Originating Board Lincoln County Board of REALTORS® MLS (OR)

Year Built 1974

Annual Tax Amount $11,788

Tax Year 2024

Lot Size 0.690 Acres

Acres 30056.4

Property Sub-Type Commercial

Property Description

Prime commercial investment opportunity in the Nye District. A former restaurant and bar, this property is fully equipped and is ready for its next chapter, offering an incredible investment opportunity. The sale includes all existing furnishings, fixtures, and equipment, making it a turnkey space for a new concept. Located in a high-foot-traffic area near beach access, this property benefits from a steady flow of locals and tourists alike. In addition to the restaurant/bar space, the sale includes an additional parking lot and two commercial storefronts. Both storefronts are currently leased, providing immediate rental income. The sale for the storefronts is for the real estate only, not the existing businesses. Take advantage of this opportunity today!

Location

State OR

County Lincoln

Area Newport/South Beach

Zoning C-2 General Commercial

Direction From highway 101, turn west on W Olive Street. Follow W Olive Street and turn on north on NW Coast street. Follow NW Coast street to property. Property is located on west and east side of NW Coast street.

Rooms

Other Rooms None

Interior

Interior Features Vaulted Ceiling(s)

Heating Furnace

Flooring Other

Furnishings Furnished

Exterior

Utilities Available Natural Gas Available

Waterfront Description None

View Ocean

Roof Type Built-Up

Garage No

Building

Foundation Slab

Water City

Others

Tax ID 111105CC-7900-00

Lincoln County MLS Oregon / OREGON COAST MLS

Listed by Taylor & Taylor Realty Company

James Hauge

Principal Broker | License ID: 200107093

+1(503) 877-2101

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