5280 Shell World Pl Newport, OR 97365

This exceptional commercial property in Newport, Oregon's Agate Beach area, offers a unique blend of existing improvements and significant development potential. The 30,056.4 square foot lot includes a completely renovated 4,692 square foot commercial building constructed in 1970. Features include a stunning ocean view, a ductless heat system, new electrical with LED lighting, and new plumbing. The building boasts two commercial garage doors with a loading dock, two ADA-compliant bathrooms with walk-in tile showers, a recreation room, and office space. Ample parking is provided with 18 paved spots, including ADA-accessible spaces. Approved plans allow for expansion, with engineered plans to add up to 50 feet of height to the existing structure and blueprints for an adjacent commercial/residential unit. The property also includes an approved area for three food carts with individual electricity and addresses, and a new large deck offering panoramic ocean views. Four tax lots comprise this nearly three-quarter-acre parcel, presenting a rare opportunity for significant growth and return on investment. The asking price is $950,000. This property is located at 5280 NE Shell World Place, Newport, OR 97365.