$850,000
Newport, OR 97365
MLS# LC-103862
Status: Closed
2 baths | 2802 sqft
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Property Description
A Newport landmark! This meticulously maintained commercial building has Highway 101 frontage, plenty of parking, conveniently located at the south end of town near the bridge. Open floor plan with over 2800 SF of interior space, currently operating as a successful restaurant with a bar side and a restaurant side. Numerous renovations including recent kitchen and bar equipment upgrades, recent roof replacement, and interior remodel. A turnkey restaurant building in a prime Newport location!
Details
Maps
Documents
Status Change Information
Status Change Timestamp: 2025-07-31
Purchase Contract Date: 2025-06-23
Close Date: 2025-07-31
Close Price: 850000
Tax & Legal
CC&R's: No
Currently Not Used
Association YN: No
Interior
Furnished: Furnished
Living Area: 2802
Bathrooms Total: 2
Building
Year Built Details: Recent renovations
Year Built: 1973
Lot
Accessory Dwelling Unit YN: No
Lot Size Acres: 0.16
Lot Size Square Feet: 6969.6
Waterfront YN: 1
Utilities
Electricity Connected: 1
Natural Gas Connected: 1
Water Available: 1
Remarks
Lincoln Public Historical Details: Building Type: Wood frame, Possession: Negotiable, Range/Oven: Gas, Specially Assessed: N, Alternate Heat:
Appliances
Dishwasher: 1
Microwave: 1
Refrigerator: 1
Water Heater: 1
Building and Property Details
Building and Property Condition: Good
Exterior Color: Natural
Construction Materials
Cedar: 1
Shingle Siding: 1
Flooring
Carpet: 1
Foundation Details
Concrete Perimeter: 1
Slab: 1
Heating
Natural Gas: 1
Levels
One: 1
Listing Terms
1031 Exchange: 1
Cash: 1
Conventional: 1
Other Structures
None: 1
Possession
Negotiable: 1
Road Frontage Type
Highway: 1
Road Surface Type
Paved: 1
Roof
Metal: 1
Sewer
Public Sewer: 1
Showing Considerations
Occupied: 1
Water Heater
Electric: 1
Water Source
Public: 1
Business Details
Equip/FF Incl Y/N: Yes
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: East Side
Neighborhood Code: N416
Property Tax ID #: R32953
Subdivision Block: 90
Subdivision Phase/Addition: 3
Tax District: 115
Showing Requirements
Appointment Only: 1
Historical Details
Historical MLS Number: 25-1065
Listing Information
Listing Association Name: Lincoln County BOR
Address
Street Number: 1019
Street Direction Prefix: SW
Street Name: Coast
Street Suffix: Highway
County: Lincoln
State: OR
Postal Code: 97365
Directions: Highway 101, Newport. Just north of the Yaquina Bay Bridge, on the east side of the highway.
Cross Street: SW Bayley
Parcel Number: 111108CC-100-00
Contract
Current Price: $850,000
Status: Closed
Begin Date: 2025-05-12
Sold Price: $850,000
Listing Agreement: Exclusive Right To Sell
Listing Service: Full Service
Tax Legal
Subdivision Name: Bayley and Case's
Tax Annual Amount: 7790.62
Tax Year: 2024
Zoning: C-1 Commercial
Tax Lot: 100
Tax Map Number: 111108CC
Property Features
Utilities: Electricity Connected; Natural Gas Connected; Water Available; Electricity Connected; Natural Gas Connected; Water Available
Appliances: Dishwasher; Microwave; Refrigerator; Water Heater
Business Type: Restaurant
Construction Materials: Cedar; Shingle Siding
Flooring: Carpet
Foundation Details: Concrete Perimeter; Slab
Heating: Natural Gas
Levels: One
Listing Terms: 1031 Exchange; Cash; Conventional
Other Structures: None
Possession: Negotiable
Road Frontage Type: Highway
Road Surface Type: Paved
Roof: Metal
Sewer: Public Sewer
Water Heater: Electric
Water Source: Public
Showing Considerations: Occupied
Showing Requirements: Appointment Only
Upgraded Equipment 1 Listing Office: Advantage Real Estate
Office Email: info@advantagerealestate.com
Last Updated: December - 13 - 2025
Information deemed reliable but not guaranteed.
Broker Attribution:
(541) 265-2200