$725,000
$949,000
23.6%For more information regarding the value of a property, please contact us for a free consultation.
1255 N Hwy 101 Newport, OR 97365
2 Baths
4,970 SqFt
Key Details
Sold Price $725,000
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 4,970 sqft
Price per Sqft $145
MLS Listing ID 24-17
Sold Date 02/03/25
HOA Y/N No
Originating Board Lincoln County Board of REALTORS® MLS (OR)
Year Built 1973
Annual Tax Amount $16,036
Tax Year 2023
Lot Size 0.540 Acres
Acres 23522.4
Property Sub-Type Commercial
Property Description
HIGHWAY 101 FRONTAGE! County RMV of $1,494,000. Large 4970 sq ft Commercial Restaurant Building on 0.54 ACRES on Hwy 101 in Central Newport with an ample 35 + parking spots. Currently a restaurant across the street from McDonalds/Umpqua Bank. Two tax lots make up over a HALF ACRE of prime highway frontage on the Oregon Coast's main thoroughfare. Single level commercial building. Ready to go for your restaurant or? C3 Heavy Commercial zoning allows for multiple uses. Do not disturb tenants.
Location
State OR
County Lincoln
Area Newport/South Beach
Zoning C-3 Highway (Heavy) Commercial
Direction Hwy 101, to address, across the street from Mcdonalds..
Rooms
Other Rooms None
Interior
Heating Gas
Cooling Central Air
Exterior
Utilities Available Natural Gas Available
Waterfront Description Highway
View None
Roof Type Membrane
Garage No
Building
Foundation Slab
Water City
Others
Tax ID 111105BD-4400-00
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