$2,500,000
Newport, OR 97365
MLS# 26-21
16660 sqft
1 / 52
Property Description
A rare offering of 6 adjacent lots zoned residential but currently utilized for commercial purposes. One parcel includes a partially finished recreational building constructed with quality materials, featuring metal siding, an installed (but not yet connected) HVAC system, a nearly complete fire sprinkler system, and on-site utilities including water, sewer, and gas. Located close to Highway 101, this property offers flexibility and excellent visibility in a great location. It's ideal for investors, developers, or owner-users with vision. Endless options await, whether you're exploring residential development, adaptive reuse, or creative mixed-use possibilities. The property is sold as-is, with buyer to verify zoning, permitted uses, and tax details. Bring your ideas!
Details
Maps
Status Change Information
Status Change Timestamp: 2026-01-06
Address
Within City Limits?: Yes
Street Number: 1025
Street Direction Prefix: NW
Street Name: Grove
Street Suffix: Street
County: Lincoln
State: OR
Postal Code: 97365
Directions: Heading North on 101, Turn Left onto NW 10th, Turn Right onto Grove, Building on the Left
Parcel Number: R385588
Contract
Permissible for Vacation Rental: Unknown
Current Price: $2,500,000
Status: Active
Begin Date: 2026-01-05
List Price: $2,500,000
Listing Agreement: Exclusive Right To Sell
Listing Service: Full Service
Tax & Legal
CC&R's: No
Association/Community
Senior Community YN: No
Interior
Basement YN: No
Fireplace YN: No
Main Floor Living: No
Above Grade Finished Area: 16660
Living Area: 16660
Building
Year Built Source: Public Records
Accessibility Features YN: No
Year Built: 2011
Stories Total: 2
Lot
View YN: No
Water Body Access YN: No
Accessory Dwelling Unit YN: No
Lot Size Acres: 0.41
Lot Size Square Feet: 17859.6
Utilities
Electricity Connected: 1
Natural Gas Connected: 1
Water Available: 1
Appliances
None: 1
Architectural Style
Other: 1
Building and Property Details
Exterior Color: Grey
Community Features
Curbs: 1
Construction Materials
Aluminum Siding: 1
Cooling
Gas: 1
Central Air: 1
Foundation Details
Slab: 1
Heating
Natural Gas: 1
Central: 1
Levels
Two: 1
Listing Terms
1031 Exchange: 1
Cash: 1
Conventional: 1
Other Structures
None: 1
Possession
Close Of Escrow: 1
Road Surface Type
Paved: 1
Roof
Membrane: 1
Metal: 1
Sewer
Public Sewer: 1
Special Listing Conditions
Standard: 1
Water Body View
No: 1
Water Source
Public: 1
Additional Tax and Location Information
Additional Tax ID #s: R378636, R376219, R371472, R383214, R380867
Highway 101: West Side
Property Tax ID #: R385588
Tax District: 104
Tax Remarks: Religious Organization Excemption
Showing Requirements
Appointment Only: 1
Room Types
Great Room: 1
Great Room Level: Main
Listing Information
Listing Association Name: Lincoln County BOR
Property Sub Type: Single Family Residence
Tax Legal
Subdivision Name: Ocean View
Tax Year: 2024
Additional Parcels Description: R378636, R376219, R371472, R383214, R380867
Zoning: R-4 Residential
Tax Lot: 2700
Tax Map Number: 111105CA
Property Features
Utilities: Electricity Connected; Natural Gas Connected; Water Available; Electricity Connected; Natural Gas Connected; Water Available
Appliances: None
Architectural Style: Other
Community Features: Curbs
Construction Materials: Aluminum Siding
Cooling: Gas; Central Air
Foundation Details: Slab
Heating: Natural Gas; Central
Levels: Two
Listing Terms: 1031 Exchange; Cash; Conventional
Other Structures: None
Possession: Close Of Escrow
Road Surface Type: Paved
Roof: Membrane; Metal
Sewer: Public Sewer
Special Listing Conditions: Standard
Water Body View: No
Water Source: Public
Showing Requirements: Appointment Only
Room Types: Great Room
Room Information
| Room Name | Level |
| Great Room | Main |
Listing Office: Coldwell Banker Professional Group - Newport
Last Updated: April - 17 - 2026
Information deemed reliable but not guaranteed.