$750,000
Newport, OR 97365
MLS# LC-99068
Status: Closed
2 baths | 2798 sqft
1 / 22
Property Description
Prime commercial real estate! Real estate for sale only, business is not included. This remarkable property presents a rare opportunity for entrepreneurs, investors, and visionaries alike. This property features a prominent position on highway 101 with a high-traffic area ensuring maximum visibility and exposure to both local residents and tourists. Additionally, there is generous floor space to providing a versatile layout that is suitable for a wide array of businesses. Your customers will have ample parking with 13 off-street parking spaces provided. Don't miss out on this rare chance to secure this prime location!
Details
Maps
Status Change Information
Status Change Timestamp: 2024-05-01
Price Change Timestamp: 2023-09-07T22:33:35Z
Purchase Contract Date: 2023-12-19
Close Date: 2024-04-30
Close Price: 750000
Tax & Legal
CC&R's: No
Currently Not Used
Association YN: No
Utilities
Electricity Connected: 1
Natural Gas Connected: 1
Water Available: 1
Remarks
Lincoln Public Historical Details: Building Type: Wood frame, Possession: Tenant rights, Primary View: Bridge, Specially Assessed: N, Frontage/View Remarks: Small peeks of ocean view., Alternate Heat:
Building and Property Details
Building and Property Condition: Resale
Construction Materials
Lap Siding: 1
Cooling
Central Air: 1
Flooring
Carpet: 1
Other: 1
Foundation Details
Slab: 1
Heating
Central: 1
Levels
One: 1
Listing Terms
1031 Exchange: 1
Cash: 1
Conventional: 1
Other Structures
None: 1
Possession
Subject To Tenant Rights: 1
Road Frontage Type
Highway: 1
Road Surface Type
Paved: 1
Roof
Tile: 1
Sewer
Public Sewer: 1
Water Source
Public: 1
Business Details
Equip/FF Incl Y/N: No
List Available Y/N: No
Inventory Included Y/N: No
MDSE/Supp Included Y/N: No
Business Type
Restaurant: 1
Additional Tax and Location Information
Highway 101: West Side
Neighborhood Code: N416
Property Tax ID #: R35378
Subdivision Block: 91
Subdivision Parcel/Lot: 34
Tax District: 115
Showing Requirements
24 Hour Notice: 1
Appointment Only: 1
Historical Details
Historical MLS Number: 23-1215
Listing Information
Listing Association Name: Lincoln County BOR
Address
Street Number: 1006
Street Direction Prefix: SW
Street Name: Coast
Street Suffix: Highway
County: Lincoln
State: OR
Postal Code: 97365
Directions: Located in Southern Newport near the Yaquina Bay bridge. Property is located on the west side of Highway 101 with Highway 101 frontage.
Cross Street: SW Bayley St.
Parcel Number: 111108CC-201-00
Contract
Current Price: $750,000
Status: Closed
Begin Date: 2023-06-22
Sold Price: $750,000
Listing Agreement: Exclusive Right To Sell
Listing Service: Full Service
Tax Legal
Subdivision Name: Bayley and Case's
Tax Annual Amount: 8015.19
Tax Year: 2023
Zoning: C-1 Commercial
Tax Lot: 201
Tax Map Number: 111108CC
Interior
Living Area: 2798
Bathrooms Total: 2
Parking Information
Parking Total: 13
Building
Year Built: 1973
Lot
Lot Size Acres: 0.21
Lot Size Square Feet: 9147.6
Waterfront YN: 1
Income and Expenses
Net Operating Income: 48500
Property Features
Utilities: Electricity Connected; Natural Gas Connected; Water Available; Electricity Connected; Natural Gas Connected; Water Available
Business Type: Restaurant
Construction Materials: Lap Siding
Cooling: Central Air
Flooring: Carpet; Other
Foundation Details: Slab
Heating: Central
Levels: One
Listing Terms: 1031 Exchange; Cash; Conventional
Other Structures: None
Possession: Subject To Tenant Rights
Road Frontage Type: Highway
Road Surface Type: Paved
Roof: Tile
Sewer: Public Sewer
Water Source: Public
Showing Requirements: 24 Hour Notice; Appointment Only
Listing Office: Taylor & Taylor Realty Company
Office Email: rebroker.geraldaldrich@gmail.com
Last Updated: December - 13 - 2025
Information deemed reliable but not guaranteed.