$975,000
Newport, OR 97365
MLS# 26-2087
5 baths | 23035 sqft
1 / 31
Property Description
Newport's iconic Walker Building, previously home to Newport's skating rink and bowling alley, is now offered for sale for the first time in 24 years. The main building contains 21,375 square feet of mixed use commercial space with an additional 1,660 square feet in the secondary building. Currently divided into 7 rental spaces, stable long term tenants with annual gross rents totaling $82,147.44. Prime location in the middle of town with plenty of on street and off street parking. The building has been well maintained and is in solid condition. Lots of potential for a variety of mixed use options.
Details
Maps
Documents
Status Change Information
Status Change Timestamp: 2026-07-29
Address
Within City Limits?: Yes
Street Number: 638
Street Direction Prefix: SW
Street Name: Hurbert
Street Suffix: Street
County: Lincoln
State: OR
Postal Code: 97365
Directions: From Highway 101 in the Deco District, turn west on NW Hurbert. Continue ahead to property on the left.
Cross Street: SW 7th
Parcel Number: 111108BD-2700-00
Tax & Legal
CC&R's: No
Currently Not Used
Association YN: No
Building
Year Built Source: Assessor
Year Built Details: Main bldg. built in 1915, secondary bldg. in 1960
Accessibility Features YN: No
Number Of Buildings: 2
Year Built: 1915
Stories Total: 2
Lot
Water Body Access YN: No
Accessory Dwelling Unit YN: No
View YN: Yes
Lot Size Acres: 0.34
Lot Size Square Feet: 14810.4
Building and Property Details
Building and Property Condition: Good
Exterior Color: Grey
Construction Materials
Wood Siding: 1
Flooring
Carpet: 1
Foundation Details
Concrete Perimeter: 1
Slab: 1
Heating
Electric: 1
Levels
Two: 1
Listing Terms
1031 Exchange: 1
Cash: 1
Conventional: 1
Lot Features
Level: 1
Other Structures
Shed(s): 1
Parking Features
Additional Parking: 1
Off Street: 1
On Street: 1
Possession
Subject To Tenant Rights: 1
Road Frontage Type
City Street: 1
Road Responsibility
Public Maintained Road: 1
Road Surface Type
Paved: 1
Roof
Composition: 1
Sewer
Public Sewer: 1
Showing Considerations
Occupied: 1
Special Listing Conditions
Standard: 1
Water Body Type
Ocean: 1
Water Body View
Yes: 1
Water Source
Public: 1
Income and Expenses
Gross Income: 82147.44
Water Expense: 150.5
Cap Rate: 6.5
Insurance Expense: 1246.83
Net Operating Income: 63253.53
Total Actual Rent: 6845.62
Trash Expense: 197.95
Owner Pays
Exterior Maintenance: 1
Sewer: 1
Water: 1
Tenant Pays
Electricity: 1
Internet: 1
Building Features
Anchor Tenant: 1
Kitchen Facilities: 1
Lounge: 1
Private Restroom(s): 1
Separate Office Area: 1
Storage: 1
Business Details
Equip/FF Incl Y/N: No
Existing Lease Type
Gross: 1
Location of Property
Central Business District: 1
Sale Includes
Building: 1
Land: 1
Additional Tax and Location Information
Account #: R463452
Highway 101: West Side
Neighborhood Code: N416
Property Tax ID #: R463452
Subdivision Block: 61
Subdivision Parcel/Lot: 4-6
Subdivision Phase/Addition: 2
Tax District: 115
Showing Requirements
Appointment Only: 1
Call Listing Office: 1
Listing Information
Listing Association Name: Lincoln County BOR
Property Sub Type: Mixed Use
Contract
Current Price: $975,000
Status: Active
Begin Date: 2026-07-29
List Price: $975,000
Listing Agreement: Exclusive Agency
Listing Service: Full Service
Tax Legal
Subdivision Name: Bayley and Case's
Tax Annual Amount: 13885.28
Tax Year: 2025
Zoning: C-1 Commercial
Tax Lot: 2700
Tax Map Number: 111108BD
Interior
Above Grade Finished Area: 23035
Living Area: 23035
Building Area Source: Owner
Bathrooms Total: 5
Parking Information
Garage YN: 1
Garage Spaces: 1
Unit Details
Number Of Units Leased: 7
Property Features
Building Features: Anchor Tenant; Kitchen Facilities; Lounge; Private Restroom(s); Separate Office Area; Storage
Construction Materials: Wood Siding
Existing Lease Type: Gross
Flooring: Carpet
Foundation Details: Concrete Perimeter; Slab
Heating: Electric
Levels: Two
Listing Terms: 1031 Exchange; Cash; Conventional
Location of Property: Central Business District
Lot Features: Level
Other Structures: Shed(s)
Owner Pays: Exterior Maintenance; Sewer; Water
Parking Features: Additional Parking; Off Street; On Street
Possession: Subject To Tenant Rights
Road Frontage Type: City Street
Road Responsibility: Public Maintained Road
Road Surface Type: Paved
Roof: Composition
Sale Includes: Building; Land
Sewer: Public Sewer
Special Listing Conditions: Standard
Tenant Pays: Electricity; Internet
Water Body Type: Ocean
Water Body View: Yes
Water Source: Public
Showing Considerations: Occupied
Showing Requirements: Appointment Only; Call Listing Office
Building Layout 
Listing Office: Advantage Real Estate
Office Email: info@advantagerealestate.com
Last Updated: July - 29 - 2026
Information deemed reliable but not guaranteed.
Broker Attribution:
(541) 265-2200