For Sale
$1,800,000

1118 Canyon Way Newport, OR 97365

Historic District, High-Income Potential

Overview

Added:
Dec 11, 2024
Days on market:
131
This exceptional fee-simple property, located at 1118 SW Canyon Way in Newport, Oregon's historic bayfront district, presents a lucrative investment opportunity. The 2019-built, 5,000 square foot commercial building sits on a substantial 23,522.4 square foot lot and boasts a long-term tenant, a thriving brewery and restaurant, generating a gross annual income of $120,000. The property includes four bayview lots and ample parking for 21 vehicles. The sale includes the land and building only

Highlights

  • Fee-simple ownership of a 5,000 sq ft commercial building on a 23,522.4 sq ft lot in Newport, OR's historic bayfront district.
  • 2019 construction with a long-term tenant (brewery/restaurant) generating $120,000 annual gross income.
  • Includes four bayview lots and parking for 21 vehicles.
  • Land and building only included in sale.

Property Details for 1118 Canyon Way

Property type
Retail properties, Restaurants
Square Feet
5,000 SF
Year Built
2019

Location Insight

City
Newport
County
Lincoln
State
Oregon
Latitude
44.6314379
Longitude
-124.0557837
1118 Canyon Way, Newport, Oregon

FAQs

What type of property is this?
Retail property - Historic District, High-Income Potential
Where is the retail property located?
The property is located at 1118 Canyon Way Newport, OR.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Fee-simple ownership of a 5,000 sq ft commercial building on a 23,522.4 sq ft lot in Newport, OR's historic bayfront district.; 2019 construction with a long-term tenant (brewery/restaurant) generating $120,000 annual gross income.; Includes four bayview lots and parking for 21 vehicles.
How can I contact the broker?
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1118 Canyon Way
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