$2,349,000
Newport, OR 97365
MLS# LC-103016
2 baths | 6505 sqft
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Property Description
Brand new PVC membrane roof has been installed on all buildings, along with exterior and interior updates completed! The price has been slashed, and the seller is motivated; bring an offer! Prime commercial investment 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
Price Change Timestamp: 2026-07-17T17:52:10Z
Status Change Timestamp: 2025-02-07
Currently Not Used
Association YN: No
Interior
Above Grade Finished Area: 6505
Living Area: 6505
Bathrooms Total: 2
Furnished: Furnished
Building
Year Built: 1974
Year Built Details: Remodeled 2017. New roof and add. remodel 2025-26.
Stories Total: 1
Accessibility Features YN: Yes
Lot
Lot Size Acres: 0.69
Lot Size Square Feet: 30056.4
Water Body Access YN: No
Accessory Dwelling Unit YN: No
View YN: Yes
Building and Property Details
# Of Tenants: 2
Building and Property Condition: Resale
Maximum Ceiling Height: 25
Business Details
Equip/FF Incl Y/N: Yes
List Available Y/N: No
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.
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: $2,349,000
Status: Active
Begin Date: 2025-02-07
List Price: $2,349,000
Listing Agreement: Exclusive Right To Sell
Listing Service: Full Service
Tax Legal
Subdivision Name: Nye & Thompson
Tax Annual Amount: 12328.71
Tax Year: 2026
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
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: September - 17 - 2026
Information deemed reliable but not guaranteed.