About 316 Sw Coast Hwy
Great two-story commercial building in the heart of Newport with excellent visibility off Hwy 101 and yearly GROSS INCOME OF $42,000. This large building features 3 separate bottom floor units which are currently being operated as a Mexican Store, meat market & retail store. The second story features 4 rentable business spaces with 2 currently being utilized as a yoga studio and a meeting room. There's a huge opportunity to increase total income by renting out several other spaces that aren't being utilized and with C-1 zoning, it allows for a wide range of usages. This centrally located building is close to the hospital, the Bayfront, restaurants, shopping, the ocean and much more! Buyers to perform all due diligence and verify all planned usages with the City. DO NOT DISTURB THE TENANTS.
Features of 316 Sw Coast Hwy
| MLS® # | 106917442 |
|---|---|
| Price | $524,900 |
| Bathrooms | 0.00 |
| Square Footage | 8,344 |
| Acres | 0.11 |
| Year Built | 1962 |
| Type | Commercial Sale |
| Sub-Type | Commercial |
| Status | Active |
Community Information
| Address | 316 Sw Coast Hwy |
|---|---|
| Area | 200 - Lincoln County |
| City | Newport |
| County | Lincoln |
| State | OR |
| Zip Code | 97365 |
Amenities
| View | Trees/Woods |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Wall Furnace, Zoned |
|---|---|
| Fireplace | No |
| # of Stories | 2 |
Exterior
| Roof | Flat, Membrane |
|---|---|
| Construction | Brick |
Additional Information
| Date Listed | January 21st, 2025 |
|---|---|
| Days on Market | 274 |
| Zoning | C-1 |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Coldwell Banker Professional |
|---|