About 316 Sw Coast Hwy
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!
Features of 316 Sw Coast Hwy
| MLS® # | LC-102850 |
|---|---|
| Price | $514,990 |
| Bathrooms | 7.00 |
| Square Footage | 8,344 |
| Acres | 0.11 |
| Year Built | 1962 |
| Type | Commercial Sale |
| Sub-Type | Mixed Use |
| Status | Active |
Community Information
| Address | 316 Sw Coast Hwy |
|---|---|
| Subdivision | Bayley and Case's |
| City | Newport |
| County | Lincoln |
| State | OR |
| Zip Code | 97365 |
Amenities
| Utilities | Electricity Connected, Natural Gas Available, Water Available |
|---|---|
| Is Waterfront | No |
Interior
| Heating | Electric, Wall Furnace |
|---|---|
| Fireplace | No |
| Has Basement | No |
Exterior
| Roof | Flat, Membrane |
|---|---|
| Construction | Brick, Other |
| Foundation | Concrete Perimeter |
Additional Information
| Date Listed | January 21st, 2025 |
|---|---|
| Zoning | C-1 Commercial |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Ryan Lee Maddy |
|---|---|
| Office | Coldwell Banker Professional Group - Lincoln City |