$549000
Price cut: $30K (04-28-2025)
-
Bed
-
Bath
-
8344 SqFt
-
97 DOM
-
Built: 1962
- Status: Active
Love this home?
Mohanraj Rajendran
Real Estate Agent
(503) 336-1515Great two-story commercial building in the heart of Newport with excellent visibility off Hwy 101 and yearly GROSS INCOME OF $42,000. This large building features 3 separate bottom floor units which are currently being operated as a Mexican Store, meat market & retail store. The second story features 4 rentable business spaces with 2 currently being utilized as a yoga studio and a meeting room. There's a huge opportunity to increase total income by renting out several other spaces that aren't being utilized and with C-1 zoning, it allows for a wide range of usages. This centrally located building is close to the hospital, the Bayfront, restaurants, shopping, the ocean and much more! Buyers to perform all due diligence and verify all planned usages with the City. DO NOT DISTURB THE TENANTS.
Listing Provided Courtesy of Lucinda Hage, Coldwell Banker Professional
General Information
-
106917442
-
Commercial
-
97 DOM
-
-
4791.6 SqFt
-
-
8344
-
1962
-
C-1
-
Lincoln
-
R49830
-
-
-
-
CommercialSale
-
Commercial
-
PROPERTY ID R49830 BAYLEY AND CASES SECOND ADDN., BLOCK 54, LOT 5
Listing Provided Courtesy of Lucinda Hage, Coldwell Banker Professional
Mohan Realty Group data last checked: Jul 16, 2025 20:02 | Listing last modified Apr 28, 2025 12:47,
Source:
