588 W Olive St, Newport, OR 97365 (MLS:20-2265)

Residential Site Blt

Updated by Martek Real Estate,

Property Description 

A Nye Beach landmark! Extensively renovated in 2019-2020 with new siding, new vinyl windows, ductless heat with AC, new electrical with 400 amp service, R38 insulation top to bottom. New vinyl membrane roof installed in 2012. Grandfathered for retail use but zoned R-4 residential, providing so many possibilities for residential conversion! .

588 W Olive St, Newport, OR 97365 - IMG_0760588 W Olive St, Newport, OR 97365 - IMG_0760
588 W Olive St, Newport, OR 97365 - Interior View588 W Olive St, Newport, OR 97365 - Main open area588 W Olive St, Newport, OR 97365 - Second open area588 W Olive St, Newport, OR 97365 - Interior588 W Olive St, Newport, OR 97365 - Ductless Heat Pump588 W Olive St, Newport, OR 97365 - Bathroom588 W Olive St, Newport, OR 97365 - Mechanical588 W Olive St, Newport, OR 97365 - Street view
588 W Olive St, Newport, OR 97365 - Interior View588 W Olive St, Newport, OR 97365 - Main open area588 W Olive St, Newport, OR 97365 - Second open area588 W Olive St, Newport, OR 97365 - Interior588 W Olive St, Newport, OR 97365 - Ductless Heat Pump588 W Olive St, Newport, OR 97365 - Bathroom588 W Olive St, Newport, OR 97365 - Mechanical588 W Olive St, Newport, OR 97365 - Street view
  • Status Pending - Contingencies 
  • City Newport 
  • County Lincoln 
  • State Oregon 
  • Major Area Newport/South Beach 
  • Subdivision Fairview Block 
  • Parcel Number 111108BB-3800-00 
  • U.S. Highway 101 West Side 
  • Property Type Residential Site Blt 
  • Property Sub-Type Single Family Residence 
  • Style Traditional 
  • Primary View Ocean 
  • Bathrooms
  • Basement No 
  • Ceiling Flat 
  • Flooring Carpet 
  • Heating/Cooling Ductless Heat Pump 
  • Alternate Heat None 
  • Water Heater Electric 
  • Handicap Features Level Entry 
  • Garage Type None 
  • Street Surface Paved 
  • Roof Membrane 
  • Siding Cedar, Concrete Composite 
  • Foundation Slab 
  • Outbuildings None 
  • Total Square Feet 3,142 
  • Year Built 1925 
  • Lot Acres 0.08 
  • Lot Type Irregular 
  • Frontage None 
  • Zoning R-4 Residential 
  • Water City 
  • Sewer City 
  • Electric On Property 
  • Gas None 
  • Bank/Lender Owned No 
  • Seller's Terms 1031, Cash, Conventional Financing 
  • Price $425,000 
  • Taxes $2,450 
  • Tax Year 2019 
  • MLS Number 20-2265 
  • Phone Number (541) 265-8785 
  • Directions From Highway 101, west on W. Olive. Property is at the bottom of the hill, on the right side at the corner of Olive and High. 
  • Cross Street High St. 

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