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2 Baths
6,505 sqft

$2,349,000

426, 501, 515 NW Coast Street, Newport OR, 97365

Price per sqft$361.11
Built in1974
Property size6,505 sqft
Property typeCommercial

Overview

Active

Listed Feb 7, 2025

Updated 2 weeks ago

Brand new PVC membrane roof has been installed on all buildings, along with exterior and interior updates completed! The price has been slashed, and the seller is motivated; bring an offer! Prime commercial investment in the Nye District. A former restaurant and bar, this property is fully equipped and is ready for its next chapter, offering an incredible investment opportunity. The sale includes all existing furnishings, fixtures, and equipment, making it a turnkey space for a new concept. Located in a high-foot-traffic area near beach access, this property benefits from a steady flow of locals and tourists alike. In addition to the restaurant/bar space, the sale includes an additional parking lot and two commercial storefronts. Both storefronts are currently leased, providing immediate rental income. The sale for the storefronts is for the real estate only, not the existing businesses. Take advantage of this opportunity today!

Additional information

MLS® ID
LC-103016

Interior Features

Bathrooms
2
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.69 Acres

Other Property Details

Taxes
$12,329
Tax Frequency
Annually
View
Yes
Furnished
Yes

 

Courtesy of Taylor & Taylor Realty Company

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Sand + Cedar Realty shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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