0.12 Acres of Commercial Land for Sale in Newport, Oregon

325 NW Coast St, Newport, OR 97365

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0.12 Acres of Commercial Land for Sale in Newport, Oregon
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$1,425,000
0.12 acres
Active sale$75k dropEst $14,290/mo

Amazing Investment opportunity in the trendy coastal neighborhood of Nye Beach in Newport, OR! Archway Place is a 5,250 SF retail property w/ 8 parcels - divided into 4 suites. Absolute NNN and 100% occupied - all are multi-year w/renewal options. 2022 CAP was 5.63%. 2023 - 5.83% w/ a 5-year AVG of 6.1%. Built in 2008, Archway Place is exceptionally well maintained. Onsite parking lot. Residential condos above the retail spaces not part of the sale. Seller will consider carrying.

Directions

Property sits at corner of Coast St and Beach Dr at historic Nye Beach.

Property details

County
Lincoln County
MLS Number
WVMLS 803157
Date Listed

Parcels

  • R524645

Property taxes

Year not provided
$11,090

This 0.12-acre property is located at 325 NW Coast St in Newport, OR 97365. The property is currently available for sale for $1,425,000 with a price per acre of $11,875,000. Listing data is sourced from Willamette Valley Multiple Listing Service # 803157.

Verify sale details at the property source or contact Copper Rock Real Estate at (541) 791-3333.

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Copyright (C) 2024 Willamette Valley Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Listing checked and updated . Parcel data by Regrid.

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Land for sale in Newport, OR