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1006 SW Coast Hwy 2,798 SF Retail Building Newport, OR 97365 $1,200,000 ($428.88/SF)
EXECUTIVE SUMMARY
Prime commercial real estate opportunity located directly on SW Coast Highway 101 in the heart of Newport. This property offers outstanding visibility in a high traffic corridor, ensuring strong exposure to both local residents and the steady flow of tourists that visit the Central Oregon Coast. This versatile building features generous interior space and a flexible layout, making it well suited for a wide range of commercial uses—currently operating as a successful restaurant. The site includes 13 off street parking spaces, providing convenient access for customers and staff alike. With its prominent frontage, solid footprint, and high visibility, the property presents a rare opportunity for entrepreneurs, investors, and business owners looking to secure a prime location.
Only the real estate is for sale; the business is not included. The seller will provide a list of included furniture, fixtures, and equipment (FFE) upon request.
Shown by appointment only. Financials available to qualified buyers.
Only the real estate is for sale; the business is not included. The seller will provide a list of included furniture, fixtures, and equipment (FFE) upon request.
Shown by appointment only. Financials available to qualified buyers.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,798 SF
Building Class
C
Year Built
1973
Price
$1,200,000
Price Per SF
$428.88
Tenancy
Single
Building Height
1 Story
Building FAR
0.30
Lot Size
0.21 AC
Zoning
C-1 - Commercial
Frontage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Taste of India 2
- Accommodation and Food Services
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Taste of India 2 | Accommodation and Food Services | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R35378 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $454,900 |
PROPERTY TAXES
Parcel Number
R35378
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$454,900
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1006 SW Coast Hwy
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