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Church of the Nazarene 1025 NW Grove st 5,440 SF Industrial Building Newport, OR 97365 $2,799,999 ($514.71/SF)
Executive Summary
A rare offering of 6 adjacent lots zoned residential but currently utilized for commercial purposes. One parcel includes a partially finished recreational building constructed with quality materials, featuring metal siding, an installed (but not yet connected) HVAC system, a nearly complete fire sprinkler system, and on-site utilities including water, sewer, and gas. Located close to Highway 101, this property offers flexibility and excellent visibility in a great location. It's ideal for investors, developers, or owner-users with vision. Endless options await, whether you're exploring residential development, adaptive reuse, or creative mixed-use possibilities. The property is sold as-is, with buyer to verify zoning, permitted uses, and tax details. Bring your ideas!
Property Facts
| Price | $2,799,999 | Lot Size | 0.23 AC |
| Price Per SF | $514.71 | Rentable Building Area | 5,440 SF |
| Sale Type | Investment or Owner User | No. Stories | 2 |
| Property Type | Industrial | Year Built | 2011 |
| Building Class | C | Tenancy | Single |
| Zoning | R-2 | ||
| Price | $2,799,999 |
| Price Per SF | $514.71 |
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Building Class | C |
| Lot Size | 0.23 AC |
| Rentable Building Area | 5,440 SF |
| No. Stories | 2 |
| Year Built | 2011 |
| Tenancy | Single |
| Zoning | R-2 |
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Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | R383214 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $546,450 |
Property Taxes
Parcel Number
R383214
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$546,450
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Church of the Nazarene | 1025 NW Grove st
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