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Investment Highlights

  • Great central location in Newport
  • Ample parking for clients
  • High daytime foot traffic

Executive Summary

Commercial Building with ocean views. Located in a high traffic area of Newport. 2295 square feet total. The main level of the building includes a reception area, 4 offices, kitchen-break room and bathroom. On the upper level there is a reception area, 2 offices, kitchen/break room and a second bathroom. Each level is metered separately with a F/A gas furnace & heat pump with air-conditioning. Buyer to agree to mandatory leaseback for 48 months to Seller. Shown by appointment only.

Property Facts

Price $579,000
Price Per Bed $193,000
Sale Type Investment or Owner User
Sale Conditions
1031 Exchange
  • Build to Suit
Property Type Health Care
Property Subtype Rehabilitation Center
Lot Size 0.19 AC
Building Size 2,295 SF
No. Beds 3
No. Stories 2
Year Built 1957
Zoning C-1 Commercial - https://www.newportoregon.gov/dept/cdd/documents/New_C-1.pdf
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Number
R156197
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$360,070
  • Listing ID: 31919036

  • Date on Market: 5/24/2024

  • Last Updated:

  • Address: 242 W Olive St, Newport, OR 97365

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