588 W Olive St, Newport, OR 97365 (MLS:20-2319)

Commercial

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, zoned for outright residential use. Move in ready, with so many possibilities! .

588 W Olive St, Newport, OR 97365 - Exterior street side588 W Olive St, Newport, OR 97365 - Exterior street side
588 W Olive St, Newport, OR 97365 - View588 W Olive St, Newport, OR 97365 - Retail Space588 W Olive St, Newport, OR 97365 - Heat Pump588 W Olive St, Newport, OR 97365 - East retail area588 W Olive St, Newport, OR 97365 - Bathroom588 W Olive St, Newport, OR 97365 - Mechanical588 W Olive St, Newport, OR 97365 - Street scene
588 W Olive St, Newport, OR 97365 - View588 W Olive St, Newport, OR 97365 - Retail Space588 W Olive St, Newport, OR 97365 - Heat Pump588 W Olive St, Newport, OR 97365 - East retail area588 W Olive St, Newport, OR 97365 - Bathroom588 W Olive St, Newport, OR 97365 - Mechanical588 W Olive St, Newport, OR 97365 - Street scene
  • 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 Commercial 
  • Primary View Ocean 
  • Bathrooms
  • Ceiling Flat 
  • Flooring Carpet, Tile 
  • Alternate Heat None 
  • Water Heater Electric 
  • 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 
  • Frontage None 
  • Zoning R-4 Residential 
  • Water City 
  • Sewer City 
  • Electric On Property 
  • Gas None 
  • Bank/Lender Owned No 
  • Seller's Terms Cash, Conventional Financing 
  • Price $425,000 
  • Taxes $2,450 
  • Tax Year 2019 
  • MLS Number 20-2319 
  • 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 St. 
  • 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.