414 SW Bay Bvld, Newport, OR 97365 (MLS:21-572)

Commercial

Updated by Martek Real Estate,

Property Description 

Best location on the Historic Bayfront in Newport Oregon. Retail commercial Real Estate with very long term tenants. Newer built construction. Very high foot traffic and very low percentage for any vacancies. Perfect for the 1031 investor or somebody looking for a net 6% cap rate. Please do not disturb tenants. .

414 SW Bay Bvld, Newport, OR 97365 - Front of complex414 SW Bay Bvld, Newport, OR 97365 - Front of complex
  • Status Active 
  • City Newport 
  • County Lincoln 
  • State Oregon 
  • Major Area Newport/South Beach 
  • Subdivision NA 
  • Parcel Number 111108DB-1300-1100 
  • U.S. Highway 101 East Side 
  • Business Description Retail 
  • Property Type Commercial 
  • Primary View Bay 
  • Bathrooms
  • Ceiling Flat 
  • Flooring Other 
  • Alternate Heat None 
  • Water Heater Electric 
  • Garage Type None 
  • Street Surface Paved 
  • Roof Other 
  • Siding Brick, Other 
  • Foundation Slab 
  • Outbuildings None 
  • Total Square Feet 3,650 
  • Year Built 1995 
  • Lot Acres 0.12 
  • Frontage None 
  • Zoning W-2 Water Related 
  • Water City 
  • Sewer City 
  • Electric On Property 
  • Gas On Property 
  • Bank/Lender Owned No 
  • Seller's Terms 1031, Cash, Conventional Financing 
  • Price $1,250,000 
  • Taxes $5,242 
  • Tax Year 2020 
  • MLS Number 21-572 
  • Phone Number (541) 265-8785 
  • Directions SW Canyon Way Drive to SW Fall Street, turn east on SW Bay Bvld to property. 

Ocean Equity Real Estate & Investments, LLC is the listing office. Call Martek Real Estate at (541) 265-8785 to see this property or obtain more information.