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714 SW Hurbert St 1,008 SF 100% Leased Retail Building Newport, OR 97365 $365,000 ($362.10/SF)
Investment Highlights
- Has Electric, Gas & Water in place
- Outdoor Patio
- Has Basement
Executive Summary
Structurally Improved Commercial Shell in Revitalization Zone — $200k+ in Professional Upgrades — Offered at $365,000
A rare opportunity to acquire a fully demo’d, structurally upgraded commercial building in Newport’s active revitalization zone. This property has already undergone over $200,000 in professional improvements, including structural reinforcement, system upgrades, and full interior demo. The costly, unpredictable phase of redevelopment is complete—leaving a clean, open shell ready for final buildout.
Key Features
- Interior professionally demo’d down to the studs & re-framed
- $200k+ invested in structural, system, and foundational improvements
- Flexible commercial zoning for retail, hospitality, gallery, studio, or service concepts
- Strong visibility and easy access from Hwy 101
- Located in a designated revitalization corridor with ongoing public and private investment
- Ideal for value-add investors, owner-operators, and 1031 exchange buyers
- Fast-close potential: as-is, clean title
Why This Property Stands Out
The most expensive and unpredictable phase of redevelopment—demo, structural work, and system upgrades—is already complete. What remains is the creative, high-value portion of the buildout. In a district experiencing renewed energy and long-term growth, this property offers a rare chance to shape a space from the ground up without the risk of hidden surprises.
Offered As-Is at $365,000
A rare opportunity to acquire a fully demo’d, structurally upgraded commercial building in Newport’s active revitalization zone. This property has already undergone over $200,000 in professional improvements, including structural reinforcement, system upgrades, and full interior demo. The costly, unpredictable phase of redevelopment is complete—leaving a clean, open shell ready for final buildout.
Key Features
- Interior professionally demo’d down to the studs & re-framed
- $200k+ invested in structural, system, and foundational improvements
- Flexible commercial zoning for retail, hospitality, gallery, studio, or service concepts
- Strong visibility and easy access from Hwy 101
- Located in a designated revitalization corridor with ongoing public and private investment
- Ideal for value-add investors, owner-operators, and 1031 exchange buyers
- Fast-close potential: as-is, clean title
Why This Property Stands Out
The most expensive and unpredictable phase of redevelopment—demo, structural work, and system upgrades—is already complete. What remains is the creative, high-value portion of the buildout. In a district experiencing renewed energy and long-term growth, this property offers a rare chance to shape a space from the ground up without the risk of hidden surprises.
Offered As-Is at $365,000
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Building Size
1,008 SF
Year Built
1938
Price
$365,000
Price Per SF
$362.10
Percent Leased
100%
Building Height
2 Stories
Building FAR
0.34
Lot Size
0.07 AC
Zoning
C-1
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | R28515 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $116,130 |
Property Taxes
Parcel Number
R28515
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$116,130
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Blood & Sand LLC
714 SW Hurbert St
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