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James Hauge

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

$ 219,000

Est. payment -/mo

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Price Dropped by $6K

605 E Olive ST Newport, OR 97365

1 Bath

373 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 373 sqft

Price per Sqft $587

Subdivision Fredericksburg

MLS Listing ID 25-1252

HOA Y/N No

Year Built 2003

Annual Tax Amount $2,448

Tax Year 2024

Lot Size 5,662 Sqft

Acres 5662.8

Property Sub-Type Commercial

Source Oregon Coast Multiple Listing Service

Property Description

Prime C-3 Zoned Commercial Lot with Highway 20 Frontage. Exceptional opportunity to acquire a high-exposure commercial property within Newport city limits. Positioned directly on Highway 20 with approximately 50 feet of frontage, this site offers unmatched visibility and access just above the iconic Bayfront District. C-3 (General Commercial) zoning supports a wide range of high-traffic business uses and allows for substantial development flexibility, including up to 85-90 percent lot coverage and building heights up to 50 feet (buyer to verify with the City of Newport for specific site constraints or approvals). The property currently features a small standalone structure with a drive-through window-ideal for a variety of small-scale retail or service applications. Do Not Disturb Tenant Previously operated as a coffee kiosk and now home to a dog grooming business, the existing building provides a functional footprint for owner-users or tenants seeking immediate use. Alternatively, redevelop the site to maximize its commercial potential. This is a rare chance to secure a highly trafficked, build-ready commercial parcel in a central Newport location with excellent proximity to local tourism, residential density, and major travel routes. The sale does not include the business.

Location

State OR

County Lincoln

Area Newport/South Beach

Zoning C-3 Highway (Heavy) Commercial

Direction Enter Newport on Highway 20. Property will be on your right hand sign across from Les Schwab

Interior

Interior Features Vaulted Ceiling(s)

Heating Electric

Flooring Vinyl

Exterior

Utilities Available Natural Gas Not Available

Waterfront Description Highway

View None

Roof Type Composition

Building

Foundation Concrete Perimeter

Water City

Others

Tax ID 111108AA-3600-00

Lincoln County MLS Oregon / OREGON COAST MLS

Listed by Martek Real Estate

James Hauge

Principal Broker | License ID: 200107093

+1(503) 877-2101

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