722 NW Beach Drive, Newport, OR 97365 (MLS:19-2048)

Commercial

Updated by Martek Real Estate,

Property Description 

INCREDIBLE INVESTMENT OPPORTUNITY to own one of the busiest bars in the growing and thriving coastal town of Newport, Oregon! Sandbar and Grill is a local and tourist favorite, and has been for years. Located in Historic Nye Beach, surrounded by hotels, food and shopping, this is a busy sports bar and restaurant combined into one. Great food, and great drinks! Upstairs dining with an ocean view, downstairs with big screen TV’s, pool table, video lottery, jukebox, a game room, and an environment that is a draw to locals and tourists year round. This bar and grill is busy all year long, whether it be summer or winter. You will always find this joint full of life, laughter, and the delicious smell of garlic bread and steamer clams. Is this the opportunity you’ve been waiting for?

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722 NW Beach Drive, Newport, OR 97365 - IMG_0131-HDR_resize722 NW Beach Drive, Newport, OR 97365 - IMG_0076-HDR_resize722 NW Beach Drive, Newport, OR 97365 - IMG_0068-HDR_resize722 NW Beach Drive, Newport, OR 97365 - IMG_0055-HDR_resize722 NW Beach Drive, Newport, OR 97365 - IMG_0082-HDR_resize722 NW Beach Drive, Newport, OR 97365 - IMG_0090-HDR_resize722 NW Beach Drive, Newport, OR 97365 - IMG_0117-HDR_resize722 NW Beach Drive, Newport, OR 97365 - IMG_0097-HDR_resize722 NW Beach Drive, Newport, OR 97365 - IMG_0145_resize II
722 NW Beach Drive, Newport, OR 97365 - IMG_0131-HDR_resize722 NW Beach Drive, Newport, OR 97365 - IMG_0076-HDR_resize722 NW Beach Drive, Newport, OR 97365 - IMG_0068-HDR_resize722 NW Beach Drive, Newport, OR 97365 - IMG_0055-HDR_resize722 NW Beach Drive, Newport, OR 97365 - IMG_0082-HDR_resize722 NW Beach Drive, Newport, OR 97365 - IMG_0090-HDR_resize722 NW Beach Drive, Newport, OR 97365 - IMG_0117-HDR_resize722 NW Beach Drive, Newport, OR 97365 - IMG_0097-HDR_resize722 NW Beach Drive, Newport, OR 97365 - IMG_0145_resize II
  • 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-9500-00 
  • U.S. Highway 101 West Side 
  • Business Non-Compete Agreement 
  • Business Description Bar/Tavern/Lounge, Food & Beverage, Restaurant 
  • Property Type Commercial 
  • Primary View Ocean 
  • Bathrooms
  • Ceiling Flat, Vaulted 
  • Flooring Carpet, Hardwood 
  • Alternate Heat Pellet Stove 
  • Water Heater Electric 
  • Garage Type None 
  • Street Surface Paved 
  • Roof Composition 
  • Siding Cedar, Vinyl 
  • Foundation Continuous Concrete 
  • Total Square Feet 3,546 
  • Year Built 1925 
  • Lot Acres 0.07 
  • Frontage None 
  • Zoning C-2 Tourist Commercial (Newport) 
  • Water City 
  • Sewer City 
  • Electric On Property 
  • Gas On Property 
  • Bank/Lender Owned No 
  • Seller's Terms Cash, Conventional Financing, Submit 
  • Price $799,000 
  • Taxes $4,057 
  • Tax Year 2018 
  • MLS Number 19-2048 
  • Phone Number (541) 265-8785 
  • Directions From Highway 101 turn East on NW 6th Street. Left onto NW Coast Street, right onto NW Beach aka Nye Beach Turnaround. Property on right side. 
  • Cross Street Coast Street 

LISTING PRESENTED BY
Casey O'Callaghan, Martek Real Estate Broker
Casey O'Callaghan
Real Estate Broker
Martek Real Estate

Call: (541) 961-2653

More Info