310-316 NW Coast St, Newport, OR 97365 (MLS:18-268)

Commercial

Updated by Martek Real Estate,

Property Description 

Situated in quaint, historic Nye Beach neighborhood, this commercial retail building hosts four separate units. Located N Coast and NW 3rd Street, the units are positioned as some of the best retail location in all of Newport. High traffic and foot area. Nye Beach is renown for its unique character and charm. The upscale shops and fine dining set this area apart from other coastal towns. Property is sandwiched between Nana’s Pub and Grill, an anchor restaurant, and shopping. The great Pacific Ocean is one block to the west. The owner has had ownership since 2005 with long term tenants and a good rate of return (ROI). Units include a jewelry store, a candy store, and long term clothing/apparel tenant.

310-316 NW Coast St, Newport, OR 97365 - Front310-316 NW Coast St, Newport, OR 97365 - Front
310-316 NW Coast St, Newport, OR 97365 - condos310-316 NW Coast St, Newport, OR 97365 - Front of Building
310-316 NW Coast St, Newport, OR 97365 - condos310-316 NW Coast St, Newport, OR 97365 - Front of Building
  • Status Active 
  • City Newport 
  • County Lincoln 
  • State Oregon 
  • Major Area NPSB - Newport/South Beach 
  • Area SNEW - Newport 
  • Subdivision Nye Beach Plaza Condo 
  • Parcel Number 111105CC-80001-00 
  • U.S. Highway 101 West Side 
  • Business Description Candy/Cookie, Clothing, Jewelry 
  • Property Type Commercial 
  • Bathrooms
  • Ceiling Flat 
  • Flooring Vinyl 
  • Furnished No 
  • Alternate Heat None 
  • Water Heater Electric 
  • Garage Type None 
  • Garage Remarks 7 offstreet parking 
  • Parking Spaces
  • Street Surface Paved 
  • Roof Composition 
  • Siding Shake/Shingle 
  • Foundation Continuous Concrete 
  • Outbuildings None 
  • Total Square Feet 3,882 
  • Year Built 1999 
  • Lot Acres 0.2 
  • Lot Size .20 
  • Frontage None 
  • Zoning Community Commercial 
  • Water City 
  • Sewer City 
  • Electric On Property 
  • Gas At Street 
  • Bank/Lender Owned No 
  • Seller's Terms 1031, Cash, Conventional Financing 
  • Price $850,000 
  • Taxes $8,995 
  • Tax Year 2017 
  • MLS Number 18-268 
  • Phone Number (541) 265-8785 
  • Directions Coast Street, Nye Beach, to the North of Nana's Restaurant. 
  • Cross Street 3rd St 

Windermere West Coast Properties is the listing office. Call Martek Real Estate at (541) 265-8785 to see this property or obtain more information.