1107 SW Coast Highway, Newport, OR 97365 (MLS # 24-38)
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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. New 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. Building pencils very well and selling at an 8% cap rate. Seller is a licensed Real Estate Broker in the State of Oregon.
| DAYS ON MARKET | 132 | LAST UPDATED | 2/16/2024 |
|---|---|---|---|
| TRACT | Bayley and Case's | YEAR BUILT | 1928 |
| COMMUNITY | Newport/South Beach | COUNTY | Lincoln |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| PRICE HISTORY | |
| Prior to Jan 26, '24 | $995,000 |
|---|---|
| Jan 26, '24 - Feb 16, '24 | $949,000 |
| Feb 16, '24 - Today | $899,000 |
| ADDITIONAL DETAILS | |
| AREA | Newport/South Beach |
|---|---|
| BUYER'S BROKERAGE COMPENSATION | 2.00 |
| LOT | 4792 sq ft |
| SUBDIVISION | Bayley and Case's |
| TAXES | 8860.95 |
| UTILITIES | Natural Gas Available |
| WATER | Public |
| ZONING | C-1 Commercial |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Data Last Updated: 5/17/24 1:09 AM PDT
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