$799,000
Newport, OR 97365
MLS# LC-63026
Status: Closed
2 baths | 4970 sqft
1 / 16
Property Description
Prime North Newport Hwy 101 frontage! .50 acre with 41 parking spaces, 4970 sq. ft building ready for a Restaurant. The only available building in North Newport suitable for a large restuarant or franchise. Full bar w/ lounge area. Loaded with everything down to the dishes. Three lighted signs on Hwy 101. Very rare opportunity in this area of Newport.
Details
Maps
Status Change Information
Status Change Timestamp: 2011-10-24
Price Change Timestamp: 2011-08-15T21:11:49Z
Purchase Contract Date: 2011-09-27
Close Date: 2011-10-24
Close Price: 799000
Contingency: Accepting Backup Offers
Interior
Fireplace YN: Yes
Living Area: 4970
Bathrooms Total: 2
Lot
Lot Size Dimensions: .50 acre
Lot Size Acres: 0.5
Lot Size Square Feet: 21780
Waterfront YN: 1
Utilities
Electricity Available: 1
Natural Gas Available: 1
Remarks
Lincoln Public Historical Details: Building Type: Restaurant, Possession: COE, Sewer: City, Alternate Heat: Gas Fireplace, Walls: Paint, Garage Spaces: 0, Alternate Heat: Gas Fireplace
Appliances
Microwave: 1
Refrigerator: 1
Water Heater: 1
Building and Property Details
Building and Property Condition: Good
Construction Materials
T1-11 Type: 1
Cooling
Central Air: 1
Flooring
Tile: 1
Foundation Details
Slab: 1
Heating
Forced Air: 1
Levels
One: 1
Listing Terms
Cash: 1
Road Frontage Type
Highway: 1
Road Surface Type
Paved: 1
Roof
Metal: 1
Water Heater
Gas: 1
Business Details
Equip/FF Incl Y/N: Yes
Equip/FF Value: 100000 approx.
List Available Y/N: No
Inventory Included Y/N: No
MDSE/Supp Included Y/N: No
Additional Tax and Location Information
Highway 101: West Side
Property Tax ID #: R323902 & R321543
Subdivision Block: 29
Subdivision Parcel/Lot: 5,6
Tax District: 104
Tax Remarks: +2716.64 for TL#4300
Showing Requirements
Lockbox: 1
Historical Details
Historical MLS Number: 11-1318
Listing Information
Listing Association Name: Lincoln County BOR
Address
Street Number: 1255
Street Direction Prefix: N
Street Name: HWY 101
County: Lincoln
State: OR
Postal Code: 97365
Directions: Hwy 101 to North Newport on West side of Hwy 101, across the street from Mcdonalds.
Parcel Number: 111105BD-4400-4300
Contract
Current Price: $799,000
Status: Closed
Begin Date: 2011-05-18
Sold Price: $799,000
Listing Agreement: Exclusive Right To Sell
Listing Service: Full Service
Tax Legal
Subdivision Name: Ocean View
Tax Annual Amount: 7421.18
Tax Year: 2011
Zoning: C - Commercial
Tax Lot: 400
Tax Map Number: 111105BD
Parking Information
Parking Total: 41
Building
Year Built: 1973
Property Features
Utilities: Electricity Available; Natural Gas Available; Electricity Available; Natural Gas Available
Appliances: Microwave; Refrigerator; Water Heater
Construction Materials: T1-11 Type
Cooling: Central Air
Flooring: Tile
Foundation Details: Slab
Heating: Forced Air
Levels: One
Listing Terms: Cash
Road Frontage Type: Highway
Road Surface Type: Paved
Roof: Metal
Water Heater: Gas
Showing Requirements: Lockbox
Listing Office: Taylor & Taylor Realty Company
Office Email: rebroker.geraldaldrich@gmail.com
Last Updated: December - 13 - 2025
Information deemed reliable but not guaranteed.