About 1118 Sw Canyon Way
Investment opportunity on the Oregon Coast with a Bay and Bridge View! This property has several rental investment opportunities which include the existing 5200 sq. ft building and newly built covered patio. Upper parking lot has 10 off street parking spaces. Newly installed infrastructure in the lower parking lot which includes underground water/sewer and power with individual pedestals for 7 food trucks/RVs with recent conditional use approval to be the first food truck pod in Newport. The interior of the building is leased by Newport Brewing Company and Nosh Burgers. A total of 9 tenants with the upside of approx. 174,000 plus a year. Appraisal in 2023 for 2,250,00.00. Once fully leased, this will be a great earner. Seller is a licensed RE Broker.
