$2,227,500
Newport, OR 97365
MLS# LC-97539
Status: Closed
2 baths | 24998 sqft
1 / 11
Property Description
Prime commercial real estate with Highway 101 frontage and high visibility located in the heart of Newport. Property includes 15,000+ SF of store and office space, two oversized tall warehouses with over 4,600 SF per warehouse, Currently over 25 parking spaces with room to add more, plenty of flat paved open space to be utilized. Nearby amenities include shopping, grocery, restaurants, and close to beach access. Take advantage of this rare opportunity today! All showings are to be scheduled by appointment only. Do not disturb tenants. Real estate only for sale, business not included. Tenant will be moving out January 31st, 2023.
Details
Maps
Documents
Status Change Information
Status Change Timestamp: 2023-03-03
Purchase Contract Date: 2022-11-08
Close Date: 2023-03-03
Close Price: 2227500
Tax & Legal
CC&R's: Yes
Currently Not Used
Association YN: No
Interior
Basement YN: Yes
Furnished: Unfurnished
Living Area: 24998
Bathrooms Total: 2
Building
Year Built Details: Renovated in 1978
Year Built: 1952
Lot
Accessory Dwelling Unit YN: No
Lot Size Acres: 1.77
Lot Size Square Feet: 77101.2
Waterfront YN: 1
Utilities
Electricity Connected: 1
Natural Gas Connected: 1
Water Available: 1
Remarks
Lincoln Public Historical Details: Building Type: Concrete/Wood, Possession: Negotiable, Garage Remarks: 2 warehouses, Sq Ft Remarks: Store & 2 warehouses, Alternate Heat:
Building and Property Details
Building and Property Condition: Resale
Exterior Color: Tan
Construction Materials
T1-11 Type: 1
Other: 1
Flooring
Carpet: 1
Tile: 1
Other: 1
Foundation Details
Permanent: 1
Slab: 1
Heating
Forced Air: 1
Levels
Two: 1
Listing Terms
1031 Exchange: 1
Cash: 1
Conventional: 1
Submit: 1
Possession
Negotiable: 1
Subject To Tenant Rights: 1
Road Frontage Type
Highway: 1
Road Surface Type
Paved: 1
Roof
Flat: 1
Sewer
Public Sewer: 1
Water Source
Public: 1
Business Details
Equip/FF Incl Y/N: No
List Available Y/N: No
Inventory Included Y/N: No
MDSE/Supp Included Y/N: No
Business Type
Retail: 1
Warehouse: 1
Additional Tax and Location Information
Highway 101: West Side
Neighborhood Code: N116
Property Tax ID #: R160890
Subdivision Block: 16
Tax District: 115
Showing Requirements
Appointment Only: 1
Call Listing Office: 1
Historical Details
Historical MLS Number: 22-2201
Listing Information
Listing Association Name: Lincoln County BOR
Address
Street Number: 615
Street Direction Prefix: N
Street Name: Coast Hwy
County: Lincoln
State: OR
Postal Code: 97365
Directions: Property is located on the west side of Highway 101. Property is a corner lot at the intersection of Highway 101 and NW 6th Street.
Cross Street: NW 6th St.
Parcel Number: 111105CD-2400-00
Contract
Current Price: $2,227,500
Status: Closed
Begin Date: 2022-10-18
Sold Price: $2,227,500
Listing Agreement: Exclusive Right To Sell
Listing Service: Full Service
Tax Legal
Subdivision Name: Nye & Thompson
Tax Annual Amount: 30079.01
Tax Year: 2022
Zoning: C-1 Commercial
Tax Lot: 2400
Tax Map Number: 111105CD
Parking Information
Parking Total: 25
Property Features
Utilities: Electricity Connected; Natural Gas Connected; Water Available; Electricity Connected; Natural Gas Connected; Water Available
Business Type: Retail; Warehouse
Construction Materials: T1-11 Type; Other
Flooring: Carpet; Tile; Other
Foundation Details: Permanent; Slab
Heating: Forced Air
Levels: Two
Listing Terms: 1031 Exchange; Cash; Conventional; Submit
Possession: Negotiable; Subject To Tenant Rights
Road Frontage Type: Highway
Road Surface Type: Paved
Roof: Flat
Sewer: Public Sewer
Water Source: Public
Showing Requirements: Appointment Only; Call Listing Office
Plat Map - Public Listing Office: Taylor & Taylor Realty Company
Office Email: rebroker.geraldaldrich@gmail.com
Last Updated: December - 13 - 2025
Information deemed reliable but not guaranteed.