Us-101 Newport, OR 97366

This exceptional 9.48-acre industrial land parcel is strategically located at the northeast corner of Highway 101 and 84th Street in Newport, Oregon (zip code 97366), near the Newport Airport. Currently leased from the City of Newport, the property offers a unique investment opportunity. The existing lessee holds an option to purchase and has secured conditional approval for a flex industrial/self-storage development project. Detailed plans are available upon request. This prime location provides excellent visibility and accessibility, making it ideal for a variety of industrial uses. The property's size and zoning allow for flexibility in development, and the potential for phased acquisition offers additional investment options. The asking price for the entire parcel is $1,500,000. Interested parties should contact the listing agent for further details and to explore the potential of this exceptional property. Lincoln County location offers access to key transportation routes and a growing regional economy.