1118 SW Canyon WAY Active Save Request In-Person Tour Request Virtual Tour
Newport,OR 97365
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 5,000 sqft
Price per Sqft $360
Subdivision Bayley And Case'S
MLS Listing ID 24-2129
Year Built 2019
Annual Tax Amount $13,410
Tax Year 2024
Lot Size 0.540 Acres
Property Description
REAL ESTATE ONLY. Newly Built Building with excellent tenant (Brewery and Restaurant) located in the Newport Historic Bayfront District. 4 Bayview lots with 21 parking spaces. 5000 sq. ft building with long term tenant. Business, Inventory and Equipment not included. Excellent opportunity for an investor looking for long term tenant with good cap rate. $120k gross income per year. Recent appraisal in mid 2023 for $2,260,000.00. Manager of LLC is a licensed Real Estate Broker in the State of Oregon.
Location
State OR
County Lincoln
Area Newport/South Beach
Zoning C-1 Commercial
Rooms
Other Rooms None
Interior
Heating Ductless Heat Pump
Cooling HVAC Cool
Fireplaces Type Electric
Exterior
Utilities Available Natural Gas Available
Waterfront Description None
View Bridge
Roof Type Metal
Building
Foundation Slab
Water City