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Jared Hambrook

jaredh@legacyre.com +1(503) 930-2124

$ 1,800,000

Est. payment -/mo

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Active

1118 SW Canyon WAY Newport, OR 97365

2 Baths

5,000 SqFt

UPDATED:

09/26/2024 01:00 AM

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

HOA Y/N No

Originating Board Lincoln County Board of REALTORS� MLS (OR)

Year Built 2019

Annual Tax Amount $13,410

Tax Year 2024

Lot Size 0.540 Acres

Acres 23522.4

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

Direction Hwy 101 t0 SW Hurbert to SW Canyon Way Drive to property.

Rooms

Other Rooms None

Interior

Heating Ductless Heat Pump

Cooling HVAC Cool

Fireplaces Type Electric

Fireplace Yes

Exterior

Utilities Available Natural Gas Available

Waterfront Description None

View Bridge

Roof Type Metal

Garage Yes

Building

Foundation Slab

Water City

Others

Tax ID 111108BD-16500-00

Lincoln County MLS Oregon / OREGON COAST MLS

Listed by Equity Plus Real Estate

Jared Hambrook

Principal Broker | License ID: 201211534

+1(503) 930-2124

Jared Hambrook

1118 SW Canyon WAY Newport, OR 97365

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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1118 SW Canyon WAY