About 1107 Sw Coast Hwy
THE GATEWAY TO NEWPORT - Fully renovated mix/use commercial building with (3) residential apartments upstairs and (2) commercial spaces downstairs. Ocean View from all apartments and bridge views. Building was completely re-wired and plumbed to the street in 2017 & 2018. New heating systems in all units with A/C. Natural Gas with all tankless hot water on demand hot water systems. Fiber optic internet & phones. New hardy plank siding, vinyl windows and roof in 2017. Interior has had extensive modern remodel with new floors, walls, sheetrock, kitchen, offices and bathrooms. Building pencils very well for an investor at 7% cap rate. Seller is a licensed Real Estate Broker in the State of Oregon.
Features of 1107 Sw Coast Hwy
| MLS® # | 23-109 |
|---|---|
| Price | $979,000 |
| Bedrooms | 3 |
| Bathrooms | 5.00 |
| Square Footage | 6,000 |
| Acres | 0.11 |
| Year Built | 1946 |
| Type | Commercial |
| Status | Active |
Community Information
| Address | 1107 Sw Coast Hwy |
|---|---|
| Area | Newport |
| Subdivision | Bayley and Case's |
| City | Newport |
| County | Lincoln |
| State | OR |
| Zip Code | 97365 |
Amenities
| Parking Spaces | 14 |
|---|---|
| Garages | None |
| View | Ocean |
| Is Waterfront | No |
Interior
| Interior Features | Refrigerator, Dishwasher, Microwave |
|---|---|
| Heating | Heat Pump |
| Cooling | HVAC Cool |
| Has Basement | No |
Additional Information
| Date Listed | January 26th, 2023 |
|---|---|
| Zoning | C-1 Commercial |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Brodie Becksted |
|---|---|
| Office | Ocean Equity Real Estate & Investments, LLC |