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215 NW 15th St 11,232 SF 100% Leased Flex Building Newport, OR 97365 $1,750,000 ($155.80/SF)
Investment Highlights
- Multi-use facility spanning 11,232 SF on a 1.71-acre lot with adaptable interior configuration.
- Zoning supports retail, office lofts, daycare, creative workspaces, or live/work arrangements.
- Security system installed with chain-link fencing; accessible approach with ramp included.
- Strategic location steps from Highway 101, ensuring exposure to consistent traffic flows.
- Two-story structure built in 1977 featuring carpet, tile, and laminate flooring.
- Situated in a vibrant coastal market with diverse business activity and sustained growth trends.
Executive Summary
This two-story commercial property in Newport, Oregon, offers a rare opportunity to acquire 11,232 square feet of flexible space on a generous 1.71-acre parcel. Positioned just off Highway 101, the property enjoys exceptional visibility and accessibility in a growing coastal hub. Zoned C-3 Highway Commercial, this building allows for multiple uses including retail outlets, daycare operations, professional offices, or a live/work configuration.
Constructed with a blend of HardiPlank and aluminum siding and topped with a composition roof, the building features six bathrooms, diverse flooring finishes, and an accessible approach with a ramp. Ample site area offers potential for additional enhancements or parking accommodation. The property includes fencing and basic security provisions. For forward-thinking investors or owner-users, this asset represents long-term versatility and continued demand within Lincoln County’s active commercial corridor.
Constructed with a blend of HardiPlank and aluminum siding and topped with a composition roof, the building features six bathrooms, diverse flooring finishes, and an accessible approach with a ramp. Ample site area offers potential for additional enhancements or parking accommodation. The property includes fencing and basic security provisions. For forward-thinking investors or owner-users, this asset represents long-term versatility and continued demand within Lincoln County’s active commercial corridor.
Property Facts
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Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
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215 NW 15th St
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