755 College WayNewport, OR 97366

Property Details for 755 College Way

Year built

2015

Lot size

0.12 AC

Property size (Sq ft)

4,434 SF

Zone code

C-1;COMMERCIAL

Property type

Turn key restaurants

APN

11-11-20-AD-03700-00

APU

111120AD0370000

Description

This exceptional commercial property in Newport, Oregon, presents a unique investment opportunity. Located at 755 SE College Way, this offering encompasses a 5,227 square foot multi-tenant commercial building constructed in 2015, situated on a 7,405.2 square foot lot. The property is zoned C-1: Commercial Retail and Service, providing flexibility for a variety of uses. The existing building offers immediate income potential, while three adjacent vacant tax lots provide significant expansion possibilities. This presents a compelling opportunity to acquire a single property or a package deal, allowing for either immediate revenue generation or future development. The location within a thriving community known for its sustainable living and thoughtful design offers a strong foundation for long-term growth and profitability. The property's address is 755 SE College Way, Newport, OR 97366. A video tour is available for a more detailed view of the property and its surroundings. This is a chance to become a key part of a dynamic and forward-thinking community. The asking price for this exceptional property is $1,500,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,197,436

  6.5%

  $1,105,326

  7%

  $1,026,374

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,759,900

  Geo Method

  $2,863,032

• Alternative Use

  Use

  Valuation

  Residential

  $932,383

  Hospitality

  $854,058

  Educational

  $710,566

  Medical

  $735,004

  Retail

  $1,105,326

Location Insight

City

Newport

County

Lincoln

State

Oregon

Latitude

44.6038

Longitude

-124.043

CBSA code

35440

CBSA name

NEWPORT, OR MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

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.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].