For Sale
$950,000

501 Coast St Newport, OR 97365

Prime Nye District location, two storefronts.

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional investment opportunity presents two commercial storefronts totaling 2,325 square feet on a 3,049.2 square foot lot in Newport, Oregon's vibrant Nye District. Located at 501 NW Coast Street, this property boasts a coveted location near beach access, ensuring high foot traffic and visibility. The single-story, 1945-built building is zoned C-2, offering flexibility for various commercial uses, including restaurants and bars, as currently configured. The property is offered as a net lease (NNN) investment with two tenants in place. This multi-tenant setup provides a diversified income stream, making it an attractive option for investors seeking a stable return. The asking price is $950,000. The property's prime location in the historic Nye District, known for its charm and popularity with both locals and tourists, further enhances its investment potential. This offering includes only the real estate

Property Details for 501 Coast St

Property type
Retail properties, Bars
Square Feet
2,325 SF
Year Built
1945
Buildings
1
Stories
1
Units
2

Location Insight

City
Newport
County
Lincoln
State
Oregon
Latitude
44.639390762208
Longitude
-124.06071818113

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FAQs

What type of property is this?
Retail property - Prime Nye District location, two storefronts.
Where is the retail property located?
The property is located at 501 Coast St Newport, OR.
What is the asking price?
The asking price for this property is $950,000.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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Contacts

Dennis Regen
Dennis Regen
Visit Broker Website

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Coast St
Newport, OR 97365

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Coast St
Newport, OR 97365

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

501 Coast St
  • Dennis Regen
    Dennis Regen
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