1107-1125 Sw Coast Highway, Newport, OR

$997,000

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3

Beds

6

Baths

6,000

Square feet

0.11

Acres

About 1107-1125 Sw Coast Highway

Fully renovated mix/use commercial building with (3) residential Oceanview apartments and (3) commercial spaces downstairs. Ocean View from all apartments and some bridge views. Building was completely re-wired and plumbed to the street in 2017 & 2018. Ductless 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. Attention Investors, this building pencils better than anything in Newport. Over 100k gross per year income and offered at over an 8 Percent Cap rate. Manager of LLC is a licensed Real Estate Broker. Excellent Tenant History.

Features of 1107-1125 Sw Coast Highway

MLS® # 24-2278
Price $997,000
Bedrooms 3
Bathrooms 6.00
Square Footage 6,000
Acres 0.11
Year Built 1928
Type Commercial
Status Active

Community Information

Address 1107-1125 Sw Coast Highway
Area Newport
Subdivision Bayley and Case's
City Newport
County Lincoln
State OR
Zip Code 97365

Amenities

Garages None
View Ocean
Is Waterfront No
Waterfront Highway

Interior

Interior Features Dishwasher, Microwave, Refrigerator
Heating Ductless Heat Pump
Has Basement No

Additional Information

Date Listed October 16th, 2024
Zoning C-1 Commercial
Short Sale No
RE / Bank Owned No

Listing Details

AgentBrodie Becksted
OfficeEquity Plus Real Estate

Listing Map

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