316 SW Coast Hwy

Newport, 97365

  • Bed

  • Bath

  • 8344 SqFt

  • 97 DOM

  • Built: 1962

  • Status: Active

$549,000

Price cut: $30K (04-28-2025)

X

316 SW Coast Hwy

Newport 97365

$549000

Price cut: $30K (04-28-2025)

  • Bed

  • Bath

  • 8344 SqFt

  • 97 DOM

  • Built: 1962

  • Status: Active

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Mohanraj Rajendran

Real Estate Agent

(503) 336-1515

Great 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.

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Residence Information

  • 8344

  • Flat,Membrane

  • 2

  • 1962

  • No

Features and Utilities

  • WallFurnace, Zoned

  • PublicSewer

  • Electricity

Financial

  • 6511.65

  • Cash,Conventional

  • 01-21-2025

  • No

  • No

Comparable Information

  • 97

  • 129

  • Cash,Conventional

  • $599,000

  • $549,000

  • Apr 28, 2025 12:47

Schools

Map

Listing courtesy of Coldwell Banker Professional.

The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2019 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. Mohan Realty Group data last checked: May 30, 2025 21:38 | Listing last modified Apr 28, 2025 12:47. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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