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Listed by Taylor & Taylor Realty Co. • 541-994-9111
$2,375,000
Est. payment /mo
6,505 SqFt
Active
426 NW Coast ST Newport, OR 97365
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Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 6,505 sqft
Price per Sqft $365
MLS Listing ID 766799633
Year Built 1974
Annual Tax Amount $12,328
Tax Year 2025
Lot Size 0.690 Acres
Property Sub-Type Commercial
Property Description
Brand new PVC membrane roof has been installed on all buildings and interior updates on the former restaurant in progess! The price has been slashed, and the seller is motivated; bring an offer! 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 _200
Zoning C2
Interior
Heating Forced Air
Cooling None
Equipment Fixtures, Furniture
Exterior
View Ocean
Roof Type BuiltUp
Garage No
Building
Story 1
Sewer Public Sewer
Water Public Water
Level or Stories 1
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
NEARBY SCHOOL & BUSINESS
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