OR > Newport > Bayley And Case'S
Newport, OR 97365,1118 SW Canyon WAY
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Newport, OR 97365,1118 SW Canyon WAY
Newport, OR 97365,1118 SW Canyon WAY
Newport, OR 97365,1118 SW Canyon WAY
Newport, OR 97365,1118 SW Canyon WAY
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James Hauge

James Hauge

+1(503) 877-2101
$ 1,950,000
Est. payment /mo
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Active

1118 SW Canyon WAY Newport, OR 97365

2 Baths

5,288 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 5,288 sqft

Price per Sqft $368

Subdivision Bayley And Case'S

MLS Listing ID 25-1870

HOA Y/N No

Year Built 2019

Annual Tax Amount $13,734

Tax Year 2024

Lot Size 0.540 Acres

Acres 23522.4

Property Sub-Type Commercial

Source Oregon Coast Multiple Listing Service

Property Description

Investment opportunity on the Oregon Coast with a Bay and Bridge View! This property has several rental investment opportunities which include the existing 5200 sq. ft building and newly built covered patio. Upper parking lot has 10 off street parking spaces. Newly installed infrastructure in the lower parking lot which includes underground water/sewer and power with individual pedestals for 7 food trucks/RVs with recent conditional use approval to be the first food truck pod in Newport. The interior of the building is leased by Newport Brewing Company and Nosh Burgers. A total of 9 tenants with the upside of approx. 174,000 plus a year. Appraisal in 2023 for 2,250,00.00. Once fully leased, this will be a great earner. Seller is a licensed RE Broker.

Location

State OR

County Lincoln

Area Newport/South Beach

Zoning C-1 Commercial

Direction Hwy 101 to SW Hurbert Street, turns into Canyon Way Drive to address.

Rooms

Other Rooms None

Interior

Heating Ductless Heat Pump

Cooling HVAC Cool

Fireplaces Type Electric

Fireplace Yes

Exterior

Utilities Available Natural Gas Available

Waterfront Description None

View Bridge

Roof Type Metal

Garage Yes

Building

Foundation Slab

Water City

Others

Tax ID 111108BD-16500-00

Lincoln County MLS Oregon / OREGON COAST MLS
Listed by Equity Plus Real Estate
James Hauge

James Hauge

Principal Broker | License ID: 200107093

+1(503) 877-2101

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