$2,375,000
Newport, OR 97365
MLS# LC-103016
2 baths | 6505 sqft
1 / 27
Property Description
Brand new PVC membrane roof has been installed on all buildings and interior updates on the former restaurant in progess! The price has been slashed, and the seller is motivated; bring an offer! Prime commercial investment opportunity in the Nye District. A former restaurant and bar, this property is fully equipped and is ready for its next chapter, offering an incredible investment opportunity. The sale includes all existing furnishings, fixtures, and equipment, making it a turnkey space for a new concept. Located in a high-foot-traffic area near beach access, this property benefits from a steady flow of locals and tourists alike. In addition to the restaurant/bar space, the sale includes an additional parking lot and two commercial storefronts. Both storefronts are currently leased, providing immediate rental income. The sale for the storefronts is for the real estate only, not the existing businesses. Take advantage of this opportunity today!
Details
Maps
Documents
Status Change Information
Status Change Timestamp: 2025-02-07
Price Change Timestamp: 2026-01-09T17:48:21Z
Tax & Legal
CC&R's: No
Currently Not Used
Association YN: No
Interior
Furnished: Furnished
Above Grade Finished Area: 6505
Living Area: 6505
Bathrooms Total: 2
Building
Year Built Details: Remodeled 2017. New roof and add. remodel 2025-26.
Accessibility Features YN: Yes
Year Built: 1974
Stories Total: 1
Lot
Water Body Access YN: No
Accessory Dwelling Unit YN: No
Lot Size Acres: 0.69
Lot Size Square Feet: 30056.4
Utilities
Electricity Connected: 1
Natural Gas Connected: 1
Sewer Connected: 1
Water Connected: 1
Accessibility Features
Accessible Approach with Ramp: 1
Appliances
Refrigerator: 1
Water Heater: 1
Building and Property Details
# Of Tenants: 2
Building and Property Condition: Resale
Maximum Ceiling Height: 25
Construction Materials
Concrete: 1
Fencing
Wood: 1
Flooring
Other: 1
Foundation Details
Slab: 1
Heating
Forced Air: 1
Levels
One: 1
Listing Terms
1031 Exchange: 1
Cash: 1
Conventional: 1
Lot Features
Level: 1
Other Structures
None: 1
Parking Features
Off Street: 1
Paved: 1
Possession
Negotiable: 1
Subject To Tenant Rights: 1
Road Responsibility
Public Maintained Road: 1
Road Surface Type
Paved: 1
Roof
Membrane: 1
Sewer
Public Sewer: 1
Showing Considerations
Occupied: 1
Special Listing Conditions
Standard: 1
View
Water Body View: 1
Water Body Type
Ocean: 1
Water Body View
Yes: 1
Water Heater
Electric: 1
Water Source
Public: 1
Building Features
Kitchen Facilities: 1
Private Restroom(s): 1
Restaurant: 1
Business Details
Equip/FF Incl Y/N: Yes
List Available Y/N: No
Business Type
Bar/Tavern/Lounge: 1
Parking: 1
Restaurant: 1
Retail: 1
Existing Lease Type
NNN: 1
Sale Includes
Building: 1
Additional Tax and Location Information
Additional Tax ID #s: R333618,R335939,R253496,R255827,R258171,R26053
Highway 101: West Side
Neighborhood Code: N516
Property Tax ID #: R262880
Tax District: 104
Tax Remarks: Taxes are a combination of all tax lots.
Showing Requirements
24 Hour Notice: 1
Appointment Only: 1
Call Listing Office: 1
Historical Details
Historical MLS Number: 25-221
Listing Information
Listing Association Name: Lincoln County BOR
Property Sub Type: Mixed Use
Address
Street Number: 426, 501, 515
Street Direction Prefix: NW
Street Name: Coast
Street Suffix: Street
County: Lincoln
State: OR
Postal Code: 97365
Directions: From highway 101, turn west on W Olive Street. Follow W Olive Street and turn on north on NW Coast street. Follow NW Coast street to property. Property is located on west and east side of NW Coast street.
Cross Street: Olive
Parcel Number: 111105CC-7900-00
Contract
Current Price: $2,375,000
Status: Active
Begin Date: 2025-02-07
List Price: $2,375,000
Listing Agreement: Exclusive Right To Sell
Listing Service: Full Service
Tax Legal
Subdivision Name: Nye & Thompson
Tax Annual Amount: 12328.71
Tax Year: 2025
Zoning: C-2 General Commercial
Tax Lot: 7900
Tax Map Number: 111105CC
Parking Information
Parking Total: 34
Unit Details
Number Of Units Leased: 2
Property Features
Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected; Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected
Accessibility Features: Accessible Approach with Ramp
Appliances: Refrigerator; Water Heater
Building Features: Kitchen Facilities; Private Restroom(s); Restaurant
Business Type: Bar/Tavern/Lounge; Parking; Restaurant; Retail
Construction Materials: Concrete
Existing Lease Type: NNN
Fencing: Wood
Flooring: Other
Foundation Details: Slab
Heating: Forced Air
Levels: One
Listing Terms: 1031 Exchange; Cash; Conventional
Lot Features: Level
Other Structures: None
Parking Features: Off Street; Paved
Possession: Negotiable; Subject To Tenant Rights
Road Responsibility: Public Maintained Road
Road Surface Type: Paved
Roof: Membrane
Sale Includes: Building
Sewer: Public Sewer
Special Listing Conditions: Standard
View: Water Body View
Water Body Type: Ocean
Water Body View: Yes
Water Heater: Electric
Water Source: Public
Showing Considerations: Occupied
Showing Requirements: 24 Hour Notice; Appointment Only; Call Listing Office
Plat Map - Public Listing Office: Taylor & Taylor Realty Company
Office Email: rebroker.geraldaldrich@gmail.com
Last Updated: May - 29 - 2026
Information deemed reliable but not guaranteed.