837 Bay BlvdNewport, OR 97365

Property Details for 837 Bay Blvd

Year built

1976

Construction

WOOD

Lot size

0.06 AC

Property size (Sq ft)

1,885 SF

Zone code

W-2;WATER RELATED

Property type

Turn key restaurants

APN

11-11-08-CA-02201-00

APU

111108CA0220100

Description

This exceptional 0.1-acre commercial and industrial land parcel, located at 837 SW Bay Blvd, Newport, Oregon 97365, presents a unique investment opportunity. Situated on Newport's historic bayfront, this property boasts approximately 100 feet of water frontage offering breathtaking views of Yaquina Bay, the Yaquina Bridge, and the Pacific Ocean. The high daytime foot traffic ensures excellent visibility and accessibility, with nearby restaurants, shops, entertainment venues, and art galleries creating a vibrant and bustling atmosphere. This offering includes three separate tax lots, providing flexibility for development or expansion. The property is zoned W-2, however, potential buyers are responsible for verifying permitted uses with the City/County of Lincoln County. This is a rare chance to acquire a prime waterfront location in a thriving Oregon coastal community. The asking price is $899,000. Don't miss this chance to secure a piece of Newport's vibrant waterfront.

• CAP approach

  CAP return

  Valuation

  6%

  $509,059

  6.5%

  $469,900

  7%

  $436,336

• Comparable approach

  Method

  Valuation

  Relative Method

  $748,176

  Geo Method

  $1,217,144

• Alternative Use

  Use

  Valuation

  Residential

  $396,379

  Hospitality

  $363,081

  Educational

  $302,079

  Medical

  $312,468

  Retail

  $469,900

Location Insight

City

Newport

County

Lincoln

State

Oregon

Latitude

44.6269

Longitude

-124.056

CBSA code

35440

CBSA name

NEWPORT, OR MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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