316 SW Coast Hwy, Newport, OR

Others for Sale - $549,000


Agent Info

Ryan Maddy
Coldwell Banker Professional Group

Property Info

CIMLS#1170874
Location
  316 SW Coast Hwy
  Newport OR 97365
UpdatedJune 3rd, 2025
TypeOthers
Price$549,000

Property Description

Great two-story commercial building in the heart of Newport w/ excellent visibility off Hwy 101 and yearly GROSS INCOME of 37,500. This large building features 3 separate bottom floor units which are currently being operated as a Mexican Store, meat market & retail store. The second story features 4 rentable business spaces w/ 2 currently being utilized as a yoga studio and a meeting room. There's a huge opportunity to increase total income by renting out several other spaces that aren't being utilized and with C-1 zoning, it allows for a wide range of usages. This centrally located building is close to the hospital, the Bayfront, restaurants, shopping, the ocean and much more! Buyers to perform all due diligence and verify all planned usages with the City. DO NOT DISTURB THE TENANTS!


Financials


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