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$2,375,000

0 Beds 0 Baths 6,505 SQFT 0.69 Acres

Type: Commercial

426 NW ,501, 515 COAST ST
Newport, OR 97365

MLS#: 766799633

Jordan Iverson

Premiere Property Group

Broker

Phone: 541.272.1697

Office: 541.264.7220

Visit Website

Presented by: Taylor & Taylor Realty Co. - 541-994-9111

Property Description

Brand new PVC membrane roofs are being installed, and the former restaurant and taphouse is undergoing a full professional deep cleaning! The price has been slashed, and the seller is motivated; bring an offer! Prime commercial investment opportunity 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!

Interior Features

Other Interior Features

FuelDescriptionElectricity, Gas

General

Accessory Dwelling Unit Y/NN

Amps200

AttributionContact541-994-9111

Business NameTapHouse at Nye Creek (former)

CityNewport

Construction MaterialsCementSiding

CoolingNone

CountyLincoln

Current UseFoodService, Retail, Tavern

Directionswest on W Olive Street. Follow W Olive Street and turn on north on NW Coast street. Follow NW Coast

Gross Income80000.0

HOANo

HeatingForcedAir

Lease TypeNNN

Legal DescriptionPROPERTY ID R262880 NYE & THOMPSONS ADDN - NEWPORT - PTN BLOCK 12

Listing TermsCash, Conventional

Lot Size Square Feet30,056 sqft

MLS Area_200

Operating Expense9694.0

Parcel Number0

Property ConditionUpdatedRemodeled

Property SubtypeCommercial

Property TypeCommercialSale

RoofBuiltUp

Sale IncludesBuilding, Equipment, Land

SewerPublicSewer

Standard StatusActive

StatusActive

Stories Count1

Tax Annual Amount$12,329

Tax Year2025

ViewDescriptionOcean

Year Built1974

ZoningC2

Exterior

Building Area Total6,505 sqft

Lot Size Acres0.69

LotSizeDescription30056

Number of Buildings3

Other EquipmentFixtures, Furniture

Parking FeaturesOffSite, OnSite

Road Surface TypePaved

Total Parking34.0

TruckDoorDescriptionNone

Water SourcePublicWater

Additional Details

Price History

Schools

High School N/A

Middle School N/A

Elementary School N/A

Similar Properties

$2,375,000

0 Beds 0 Baths 6,505 SQFT 0.69 Acres

Type: Commercial

426 NW ,501, 515 COAST ST
Newport, OR 97365

MLS#: 766799633

Jordan Iverson

Premiere Property Group

Broker

Phone: 541.272.1697

Office: 541.264.7220

Visit Website

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Property

$2,375,000

426 NW ,501, 515 COAST STNewport, OR 97365

Property Description

Interior Features

Other Interior Features

General

Exterior

Additional Details

Price History

Schools

Similar Properties

$2,375,000

426 NW ,501, 515 COAST STNewport, OR 97365

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426 NW ,501, 515 COAST ST
Newport, OR 97365

426 NW ,501, 515 COAST ST
Newport, OR 97365