$4,095,000
Newport, OR 97365
MLS# 24-45
2 baths | 6505 sqft
1 / 33
Property Description
Welcome to The Taphouse at Nye Creek - where history meets hospitality! This exceptional property boasts a full restaurant and bar service, making it a go-to destination in the historic Nye District. The Taphouse at Nye Creek has a gross income of over $1,800,000. Perfectly situated as a popular tourist and local attraction, it offers the convenience of being close to beach access while providing ocean views from outdoor seating. As you approach, you'll be pleased to find ample dedicated parking, including a separate lot, ensuring convenience for both patrons and staff. The Taphouse features a remarkable 30 beer taps, catering to beer enthusiasts and connoisseurs alike. Adding to the culinary experience is a state-of-the-art brick pizza oven and a
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Contract Information
Current Price: $4,095,000
List Price: $4,095,000
Begin Date: 2024-01-09
BA Comm: 2.5
BA Comm Type: %
Listing Type: Exclusive Right To Sell
Bank/Lender Owned?: No
Short Sale: No
3rd Party Approval: No
General Property Description
Major Area: Newport/South Beach
Minor Area: Nye Beach District
Frontage: None
Primary View: Ocean
Secondary View: None
Frontage/View Remarks: SW ocean views. Property fronts NW Coast street.
Total Bathrooms: 2
Levels: One
Total SqFt.: 6505
Sq Ft Remarks: Combined building SF
Year Built: 1974
Year Built Remarks: Remodeled 2017
Lot SqFt: 30,056.40
# of Acres: 0.69
Garage Type: None
Association: No
CC&Rs: No
Location, Tax and Other Information
House Number: 515/501
Street Direction Pfx: NW
Street Name: Coast
Street Sfx: Street
County: Lincoln
State/Province: OR
Postal Code: 97365
Property Tax ID #: R262880
Additional Tax ID #s: R333618,R335939,R253496,R255827,R258171,R26053
Parcel Nbr: 11-11-05-CC-7900-00
Additional Parcels Description: 11-11-05-CC-11700-00, 11-11-05-CC-11800-00, 11-11-05-CC-07500-00, 11-11-05-CC-07600-00, 11-11-05-CC-07700-00, 11-11-05-CC-07800-00, 11-11-05-CC-07900-00.
Tax Map Number: 111105CC
Tax Lot: 7900
Taxes$: 11788
Tax Year: 2023
Tax Remarks: Taxes are combined 7 tax lots.
Tax District: 104
Zoning: C-2 Tourist Commercial
Neighborhood Code: N516
Subdivision: Nye & Thompson Block
Subdv Block: 12
Subdv Parcel/Lot: 9
Hwy 101: West Side
Cross Street: NW Beach Dr
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.
Status Change Info
Status: Active
General Info
Building Type: Wood frame
Condition: Good - Resale
Exterior Color: Tan
Lease Information: $1,600/mo
Lease Information 2: $2,500/mo
Possession: Negotiable
# Units: 3
External Features
Parking Spaces: 34
Internal Features
Water Heater: Electric
Range/Oven: Gas
Furnished: Negotiable
Business
Business Name: Taphouse at Nye Cree
Income
Gross Income: 2000000
Building
Amps: 200
Ceiling Height: 25
Fire Sprinklers: Installed
Handicap Access: ADA bathroom
Property Features
Business Description: Bar/Tavern/Lounge; Food & Beverage; Gift Shop; Ice Cream/Frozen Yogurt; Parking; Restaurant
Roof: Built-Up
Siding: Concrete Composite
Foundation: Slab
Outbuildings: None
Street Surface: Paved
Internal Features: Dishwasher; Microwave; Refrigerator
Ceiling: Beam; Vaulted
Flooring: Other
Walls: Paint
Heating: Furnace
Alternate Heat: None
Electric: On Property
Gas: On Property
Sellers Terms: 1031; Cash; Conventional
Possession: Negotiable
Supplements
class 1 hood system that sets the stage for a diverse and flavorful menu. Inside, the ambiance is enhanced by the impressive 25-foot ceilings, creating a spacious and inviting atmosphere. The entire space is thoughtfully designed to be all one-level, providing accessibility for everyone, complemented by two ADA restrooms.
With a dedicated team of 25-30 employees, The Taphouse prides itself on delivering exceptional service. The oversized dining room is a focal point, featuring numerous TVs for entertainment and a vibrant social experience. Whether you're here for a casual meal, a celebration, or to catch the big game, the Taphouse offers a warm and welcoming setting for all occasions. This unique listing extends beyond the Taphouse itself with 4,180 sqft, as it includes two commercial storefronts with 2,325 sqft currently rented by tenants. A savvy investment opportunity awaits, allowing you to not only own a thriving establishment but also capitalize on additional rental income. Don't miss the chance to own a piece of the Nye District's charm.
Plat Map - Public 
Listing Office: Taylor & Taylor Realty Company
Last Updated: May - 10 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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