$800,000
Newport, OR 97365
MLS# LC-97943
Status: Closed
2 baths | 16140 sqft
1 / 9
Property Description
Investment opportunity, long term tenant, new roof, other improvements. 50% ownership.
Details
Maps
Documents
Status Change Information
Status Change Timestamp: 2023-05-15
Purchase Contract Date: 2023-04-11
Close Date: 2023-05-15
Close Price: 800000
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: Concrete tilt up, Possession: closiong, Lease Information: lease expires 2027, Lease Information 2: 5 yr option renew, Specially Assessed: n, Sellers Terms: Free and Clear, Alternate Heat:
Appliances
Water Heater: 1
Building and Property Details
Building and Property Condition: Good
Exterior Color: light beige
Construction Materials
Other: 1
Flooring
Other: 1
Foundation Details
Slab: 1
Heating
Natural Gas: 1
Levels
One: 1
Listing Terms
Cash: 1
Conventional: 1
Other Structures
None: 1
Possession
Subject To Tenant Rights: 1
Road Surface Type
Paved: 1
Roof
Membrane: 1
Sewer
Public Sewer: 1
Showing Considerations
Occupied: 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
Additional Tax and Location Information
Highway 101: East Side
Neighborhood Code: N116
Property Tax ID #: R354405
Subdivision Block: Phelps Add
Subdivision Parcel/Lot: Blk 16 Lots 4-11
Tax District: 115
Tax Remarks: Tenant pays real property taxes and insurance on building.
Showing Requirements
24 Hour Notice: 1
Appointment Only: 1
Call Listing Office: 1
Historical Details
Historical MLS Number: 23-124
Listing Information
Listing Association Name: Lincoln County BOR
Address
Street Number: 156
Street Direction Prefix: NE
Street Name: 7th
Street Suffix: Street
County: Lincoln
State: OR
Postal Code: 97365
Directions: Hwy 101 East On NE 7th on right.
Cross Street: NE Avery
Parcel Number: 111105DC-3501-00
Contract
Current Price: $800,000
Status: Closed
Begin Date: 2023-01-30
Sold Price: $800,000
Listing Agreement: Exclusive Right To Sell
Listing Service: Full Service
Tax Legal
Subdivision Name: Phelps - Newport
Tax Annual Amount: 20818.4
Tax Year: 2023
Zoning: C-1 Commercial
Tax Lot: 3501
Tax Map Number: 111105DC
Interior
Living Area: 16140
Bathrooms Total: 2
Building
Year Built: 1989
Lot
Lot Size Acres: 0.96
Lot Size Square Feet: 41817.6
Income and Expenses
Net Operating Income: 58080
Property Features
Utilities: Electricity Connected; Natural Gas Connected; Water Available; Electricity Connected; Natural Gas Connected; Water Available
Appliances: Water Heater
Construction Materials: Other
Flooring: Other
Foundation Details: Slab
Heating: Natural Gas
Levels: One
Listing Terms: Cash; Conventional
Other Structures: None
Possession: Subject To Tenant Rights
Road Surface Type: Paved
Roof: Membrane
Sewer: Public Sewer
Water Heater: Gas
Water Source: Public
Showing Considerations: Occupied
Showing Requirements: 24 Hour Notice; Appointment Only; Call Listing Office
Plat Map - Public Listing Office: S & W REAL ESTATE
Office Phone: 800-676-7710
Office Email: swre@peak.org
Last Updated: December - 13 - 2025
Information deemed reliable but not guaranteed.