For Sale
$2,400,000

2950 Coho St Newport, OR 97365

Beachfront Investment Opportunity: 6-unit condo complex.

Overview

Added:
Dec 11, 2024
Days on market:
127
Exceptional investment opportunity in Newport, Oregon, presents a 0.23-acre commercial land parcel located at 2950 SW Coho, zip code 97365. This property encompasses a brand-new, six-unit condo complex ideally situated near the beach. Each condo unit is move-in ready, featuring a washer/dryer hookup and dedicated parking space. The complex offers stunning coastal views and convenient access to Newport's attractions. The asking price for this exceptional property is $2,400,000. This development presents strong rental potential and significant appreciation potential, making it an attractive investment for those seeking year-round rental income or vacation rental opportunities. The property's location provides easy access via SW Abalone St and SW 30th St. This is a rare chance to acquire a thriving coastal commercial property in a highly desirable location. The property is classified as Special Purpose, Commercial, Other. This is a turnkey investment ready for immediate income generation. The property's proximity to the beach and Newport's amenities ensures high occupancy rates and strong rental demand.

Highlights

  • $2,400,000 asking price.
  • 0.23-acre commercial land parcel.
  • Located at 2950 SW Coho, Newport, OR 97365.
  • Special purpose property.

Property Details for 2950 Coho St

Property type
Specialty properties, Land
Lot Size (sq. ft)
10,019 SF

Location Insight

City
Newport
County
Lincoln
State
Oregon
Latitude
44.6157645
Longitude
-124.0557852
2950 Coho St, Newport, Oregon

FAQs

What type of property is this?
Specialty property - Beachfront Investment Opportunity: 6-unit condo complex.
Where is the specialty property located?
The property is located at 2950 Coho St Newport, OR.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: $2,400,000 asking price.; 0.23-acre commercial land parcel.; Located at 2950 SW Coho, Newport, OR 97365.
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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2950 Coho St
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