5262 Yaquina Bay Road, Newport, OR 97365 (MLS# 23-1555)

$2,879,000

5262 Yaquina Bay Road
Newport, OR 97365
MLS# 23-1555
2 baths | 21400 sqft

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Property Description
A local landmark situated at Oneatta Point on Yaquina Bay. The property's current use includes a live seafood holding and transshipment, aquaculture development, and construction contractor's shop, warehouse, and laydown yard. The property has two boat pullouts to allow for haul out as well as 230 and 480-volt electricity is supplied by a public utility. Potable water is supplied from a well that produces 60 gallons per minute. Wastewater effluent is discharged to a drain field. The entire property is zoned MP ''planned marine'' and lies outside of the urban growth boundary. The site lies within a development zone in a development estuary. There are four site-built structures:

Details

Maps

Documents

Contract Information

Current Price: $2,879,000

List Price: $2,879,000

Begin Date: 2023-08-05

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: Newport

Frontage: River

Primary View: River

Secondary View: Forest

Frontage/View Remarks: Property fronts Yaquina River.

Total Bathrooms: 2

Levels: One

Total SqFt.: 21400

Sq Ft Remarks: Four buildings total

Year Built: 1800

# of Acres: 13.03

Association: No

CC&Rs: No

Location, Tax and Other Information

House Number: 5262

Street Name: Yaquina Bay

Street Sfx: Road

County: Lincoln

State/Province: OR

Postal Code: 97365

Property Tax ID #: R110910

Additional Tax ID #s: R108513, R113212, R115570

Parcel Nbr: 11-11-27-BD-500-00

Additional Parcels Description: 11-11-27-BD-00400-00, 11-11-27-BD-00600-00, 11-11-27-00-03000-00

Tax Map Number: 111127BD

Tax Lot: 500

Taxes$: 17527.82

Tax Year: 2023

Tax Remarks: Taxes are combined for tax lots 400, 500, 600, and 3000.

Tax District: 133

Zoning: M-P Planned Marine and

Neighborhood Code: R236

Subdivision: N/A

Hwy 101: East Side

Cross Street: N/A

Directions: From highway 20, turn south onto SE Moore Dr. Follow SE Moore Dr to SE Bay Blvd. Follow SE Bay Blvd, which turns into Yaquina Bay Rd for approximately 4.5 miles. Property located on right-hand side.

Status Change Info

Status: Active

General Info

Building Type: Wood frame

Condition: Resale

Lease Information: 5,200/mo

Possession: Negotiable

# Units: 4

Internal Features

Water Heater: Electric

Income

Gross Income: 62400

Property Features

Business Description: Agriculture; Commercial; Construction/Contractor; Distribution; Industrial; Professional Service; Transportation; Warehouse; Other

Roof: Membrane; Metal

Siding: Other

Foundation: Slab; None

Outbuildings: None

Street Surface: Gravel; Paved

Ceiling: Beam; Vaulted

Flooring: Other

Walls: Paint

Heating: Stove; Wood

Water: Well

Electric: On Property

Gas: None

Sewer: Septic

Sellers Terms: 1031; Cash; Conventional

Possession: Negotiable

Supplements

a 10,000 sq. ft. main shop/office/work bay; a 7000 sq. ft. building currently housing a seafood business; a 4000 sq. ft. tall work bay with aggregate floor; a 400 sq. ft. rest room and shower of masonry construction. All building square footage is approximate. The entire site is within an "Enterprise Zone." The zoning allows one residence for a "caretaker" of the underlying marine use.

Listing Documents

Plat Map - Public

Enterprise Zone Brochure

Enterprise Zone Map

DEQ Quality Report

Listing Office: Taylor & Taylor Realty Company

Last Updated: March - 08 - 2024

5262 Yaquina Bay Road, Newport, OR 97365 - MLS# 23-1555

The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

The content relating to real estate for sale on this web site comes in part from the IDX program of the Oregon Coast Multiple Listing Service (OCMLS). Listing content is copyrighted. Listing data provided is AS IS. All information provided is deemed reliable but is not guaranteed and should be independently verified. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Real estate listings held by member brokerage firms, other than Zillow, Inc., of the OCMLS are marked with the OCMLS logo. Detailed information about these properties includes the names of the member listing brokers and brokerage firms. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Non-members should contact the listing broker directly for compensation information.