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Jared Hambrook

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

$ 997,000

Est. payment -/mo

Save

New

1107-1125 SW Coast HWY Newport, OR 97365

3 Beds

6 Baths

6,000 SqFt

UPDATED:

10/16/2024 03:52 PM

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 6,000 sqft

Price per Sqft $166

Subdivision Bayley And Case'S

MLS Listing ID 24-2278

Bedrooms 3

HOA Y/N No

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

Year Built 1928

Annual Tax Amount $9,363

Tax Year 2024

Lot Size 4,791 Sqft

Acres 4791.6

Property Description

Fully renovated mix/use commercial building with (3) residential Oceanview apartments and (3) commercial spaces downstairs. Ocean View from all apartments and some bridge views. Building was completely re-wired and plumbed to the street in 2017 & 2018. Ductless heating systems in all units with A/C. Natural Gas with all tankless hot water on demand hot water systems. Fiber optic internet & phones. New hardy plank siding, vinyl windows and roof in 2017. Interior has had extensive modern remodel with new floors, walls, sheetrock, kitchen, offices and bathrooms. Attention Investors, this building pencils better than anything in Newport. Over 100k gross per year income and offered at over an 8 Percent Cap rate. Manager of LLC is a licensed Real Estate Broker. Excellent Tenant History.

Location

State OR

County Lincoln

Area Newport/South Beach

Zoning C-1 Commercial

Direction Hwy 101 to address. Multiple Addresses

Rooms

Other Rooms None

Interior

Heating Ductless Heat Pump

Fireplaces Type Electric

Fireplace Yes

Exterior

Utilities Available Natural Gas Available

Waterfront Description Highway

View Ocean

Roof Type Other

Garage No

Building

Foundation Slab

Water City

Others

Tax ID 111108CC-6300-00

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

1107-1125 SW Coast HWY Newport, OR 97365

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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1107-1125 SW Coast HWY