$725,000
Newport, OR 97365
MLS# LC-100154
Status: Closed
2 baths | 4970 sqft
1 / 11
Property Description
HIGHWAY 101 FRONTAGE! County RMV of $1,494,000. Large 4970 sq ft Commercial Restaurant Building on 0.54 ACRES on Hwy 101 in Central Newport with an ample 35 + parking spots. Currently a restaurant across the street from McDonalds/Umpqua Bank. Two tax lots make up over a HALF ACRE of prime highway frontage on the Oregon Coast's main thoroughfare. Single level commercial building. Ready to go for your restaurant or? C3 Heavy Commercial zoning allows for multiple uses. Do not disturb tenants.
Details
Maps
Documents
Status Change Information
Status Change Timestamp: 2025-02-03
Purchase Contract Date: 2024-12-21
Close Date: 2025-02-03
Close Price: 725000
Tax & Legal
CC&R's: No
Currently Not Used
Association YN: No
Building
Year Built Details: Remodeled
Year Built: 1973
Lot
Accessory Dwelling Unit YN: No
Lot Size Acres: 0.54
Lot Size Square Feet: 23522.4
Waterfront YN: 1
Utilities
Electricity Connected: 1
Natural Gas Connected: 1
Water Available: 1
Remarks
Lincoln Public Historical Details: Building Type: Restaurant Commercia, Possession: COE, Specially Assessed: N, Garage Spaces: 0, Alternate Heat:
Appliances
Water Heater: 1
Building and Property Details
Building and Property Condition: Good
Construction Materials
Brick: 1
T1-11 Type: 1
Other: 1
Cooling
Central Air: 1
Foundation Details
Slab: 1
Heating
Natural Gas: 1
Levels
One: 1
Listing Terms
1031 Exchange: 1
Cash: 1
Conventional: 1
Submit: 1
Other Structures
None: 1
Possession
Close Of Escrow: 1
Road Frontage Type
Highway: 1
Road Surface Type
Paved: 1
Roof
Membrane: 1
Sewer
Public Sewer: 1
Water Heater
Gas: 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
Additional Tax ID #s: R321543
Highway 101: West Side
Neighborhood Code: N116
Property Tax ID #: R323902
Tax District: 115
Showing Requirements
24 Hour Notice: 1
Appointment Only: 1
Historical Details
Historical MLS Number: 24-17
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 address, across the street from Mcdonalds..
Parcel Number: 111105BD-4400-00
Contract
Current Price: $725,000
Status: Closed
Begin Date: 2024-01-03
Sold Price: $725,000
Listing Agreement: Exclusive Right To Sell
Listing Service: Full Service
Tax Legal
Subdivision Name: N/A
Tax Annual Amount: 16036.74
Tax Year: 2023
Zoning: C-3 Highway (Heavy) Commercial
Tax Lot: 4400
Tax Map Number: 111105BD
Interior
Living Area: 4970
Bathrooms Total: 2
Property Features
Utilities: Electricity Connected; Natural Gas Connected; Water Available; Electricity Connected; Natural Gas Connected; Water Available
Appliances: Water Heater
Business Type: Restaurant
Construction Materials: Brick; T1-11 Type; Other
Cooling: Central Air
Foundation Details: Slab
Heating: Natural Gas
Levels: One
Listing Terms: 1031 Exchange; Cash; Conventional; Submit
Other Structures: None
Possession: Close Of Escrow
Road Frontage Type: Highway
Road Surface Type: Paved
Roof: Membrane
Sewer: Public Sewer
Water Heater: Gas
Water Source: Public
Showing Requirements: 24 Hour Notice; Appointment Only
Aerial map TL 4300/4400 Listing Office: Equity Plus Real Estate
Office Email: brodie@oceanequity.com
Last Updated: December - 12 - 2025
Information deemed reliable but not guaranteed.