$579,000
Newport, OR 97365
MLS# LC-98676
2 baths | 2295 sqft
1 / 4
Property Description
Commercial Building with ocean views. Located in a high traffic area of Newport. 2,295 square feet in total. The main level of the building includes a reception area, 4 offices, kitchen-break room and bathroom. On the upper level there is a reception area, 2 offices, kitchen/break room and a second bathroom. Each level is metered separately with a F/A gas furnace & heat pump with air-conditioning. Buyer to agree to mandatory leaseback for 48 months to Seller. Shown by appointment only.
Details
Maps
Documents
Status Change Information
Status Change Timestamp: 2023-05-09
Address
Within City Limits?: Yes
Street Number: 242
Street Direction Prefix: W
Street Name: Olive
Street Suffix: Street
County: Lincoln
State: OR
Postal Code: 97365
Directions: From Hwy 101, turn west onto Olive St. Located on your right hand side.
Cross Street: Nye Street
Parcel Number: 111108BA-2200-00
Tax & Legal
CC&R's: No
Currently Not Used
Association YN: No
Interior
Above Grade Unfinished Area: 0
Below Grade Unfinished Area: 0
Basement YN: No
Fireplace YN: No
Furnished: Unfurnished
Living Area: 2295
Building Area Source: Assessor
Bathrooms Total: 2
Building
Accessibility Features YN: Yes
Year Built: 1957
Stories Total: 2
Lot
Lot Size Dimensions: 83.3x100
Water Body Access YN: No
Accessory Dwelling Unit YN: No
View YN: Yes
Lot Size Acres: 0.29
Lot Size Square Feet: 12632.4
Utilities
Electricity Connected: 1
Natural Gas Connected: 1
Water Available: 1
Remarks
Lincoln Public Historical Details: Building Type: Commercial, Possession: Leaseback 48 months, Lease Information: 1500, Specially Assessed: N, Garage Spaces: 0, Alarm system included, Alternate Heat:
Accessibility Features
Accessible Entrance: 1
Appliances
Microwave: 1
Water Heater: 1
Building and Property Details
Building and Property Condition: Good
Construction Materials
Concrete: 1
Cooling
Gas: 1
Central Air: 1
Flooring
Carpet: 1
Vinyl: 1
Foundation Details
Slab: 1
Heating
Natural Gas: 1
Central: 1
Levels
Two: 1
Listing Terms
1031 Exchange: 1
Cash: 1
Conventional: 1
Submit: 1
Lot Features
Level: 1
Other Structures
None: 1
Possession
Seller Rent Back: 1
Road Frontage Type
City Street: 1
Road Responsibility
Public Maintained Road: 1
Road Surface Type
Asphalt: 1
Paved: 1
Roof
Metal: 1
Security Features
Security System: 1
Sewer
Public Sewer: 1
Showing Considerations
Occupied: 1
Special Listing Conditions
Standard: 1
Water Body Type
Ocean: 1
Water Heater
Electric: 1
Water Source
Public: 1
Building Features
Meeting Room(s): 1
Separate Office Area: 1
Business Details
Equip/FF Incl Y/N: No
Business Type
Medical: 1
Sale Includes
Building: 1
Additional Tax and Location Information
Highway 101: West Side
Neighborhood Code: N116
Property Tax ID #: R156197
Subdivision Block: S
Subdivision Parcel/Lot: 11
Tax District: 115
Showing Requirements
Appointment Only: 1
Documents
Plat Map: 1
Historical Details
Historical MLS Number: 23-820
Listing Information
Listing Association Name: Lincoln County BOR
Property Sub Type: Mixed Use
Contract
Current Price: $579,000
Status: Active
Begin Date: 2023-05-09
List Price: $579,000
Listing Agreement: Exclusive Right To Sell
Listing Service: Full Service
Tax Legal
Subdivision Name: Nob Hill Beach
Tax Annual Amount: 6442.49
Tax Year: 2025
Zoning: C-1 Commercial
Tax Lot: 2200
Tax Map Number: 111108BA
Parking Information
Parking Total: 12
Property Features
Utilities: Electricity Connected; Natural Gas Connected; Water Available; Electricity Connected; Natural Gas Connected; Water Available
Accessibility Features: Accessible Entrance
Appliances: Microwave; Water Heater
Building Features: Meeting Room(s); Separate Office Area
Business Type: Medical
Construction Materials: Concrete
Cooling: Gas; Central Air
Flooring: Carpet; Vinyl
Foundation Details: Slab
Heating: Natural Gas; Central
Levels: Two
Listing Terms: 1031 Exchange; Cash; Conventional; Submit
Lot Features: Level
Other Structures: None
Possession: Seller Rent Back
Road Frontage Type: City Street
Road Responsibility: Public Maintained Road
Road Surface Type: Asphalt; Paved
Roof: Metal
Sale Includes: Building
Security Features: Security System
Sewer: Public Sewer
Special Listing Conditions: Standard
Water Body Type: Ocean
Water Heater: Electric
Water Source: Public
Showing Considerations: Occupied
Showing Requirements: Appointment Only
Documents: Plat Map
Plat Map - Public Listing Office: Taylor & Taylor Realty Company
Office Email: rebroker.geraldaldrich@gmail.com
Last Updated: June - 09 - 2026
Information deemed reliable but not guaranteed.