426, 501, 515 Coast, Newport, OR 97365

$2,349,000
2
BA
6,505
SqFt

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List Price
$2,349,000
Price Change
▼ $26,000 1784329053
MLS#
LC-103016
Status
ACTIVE
Days on Market
625
View
Ocean
Year Built
1974
Square Ft.
6,505
Acres
0.69
Bathrooms
2
Property Type
Commercial Sale
Tax Amount
$12,733
Furnished
Furnished
Water
Public

Property Description

Brand new PVC membrane roof has been installed on all buildings, along with exterior and interior updates completed! The price has been slashed, and the seller is motivated; bring an offer! Prime commercial investment in the Nye District. A former restaurant and bar, this property is fully equipped and is ready for its next chapter, offering an incredible investment opportunity. The sale includes all existing furnishings, fixtures, and equipment, making it a turnkey space for a new concept. Located in a high-foot-traffic area near beach access, this property benefits from a steady flow of locals and tourists alike. In addition to the restaurant/bar space, the sale includes an additional parking lot and two commercial storefronts. Both storefronts are currently leased, providing immediate rental income. The sale for the storefronts is for the real estate only, not the existing businesses. Take advantage of this opportunity today!

Additional Information

Zoning
C-2 General Commercial
Living Area
6,505
Parking Spaces
34
Zoning
C-2 General Commercial
Terms
1031 Exchange, Cash, Conventional

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Calculator source: Real Geeks

Listing courtesy of Taylor & Taylor Realty Company.