1118 SW Canyon Way, Newport, OR 97365 (MLS # 24-49)
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REAL ESTATE ONLY. Newly Built Building with excellent tenant (Brewery and Restaurant) located in the Newport Historic Bayfront District. 4 Bayview lots with 21 parking spaces. 5000 sq. ft building with long term tenant. Business, Inventory and Equipment not included. Excellent opportunity for an investor looking for long term tenant with good cap rate. Net of approx. $105,000 per year. Recent appraisal in mid 2023 for $2,260,000.00. Manager of LLC is a licensed Real Estate Broker in the State of Oregon.
| DAYS ON MARKET | 129 | LAST UPDATED | 4/14/2024 |
|---|---|---|---|
| TRACT | Bayley and Case's | YEAR BUILT | 2019 |
| COMMUNITY | Newport/South Beach | COUNTY | Lincoln |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| PRICE HISTORY | |
| Prior to Apr 14, '24 | $2,795,000 |
|---|---|
| Apr 14, '24 - Today | $1,850,000 |
| ADDITIONAL DETAILS | |
| AREA | Newport/South Beach |
|---|---|
| BUYER'S BROKERAGE COMPENSATION | 1.00 |
| LOT | 0.54 acre(s) |
| SUBDIVISION | Bayley and Case's |
| TAXES | 13410.96 |
| UTILITIES | Natural Gas Available |
| WATER | Public |
| ZONING | C-1 Commercial |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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*Estimate only
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Data Last Updated: 5/17/24 4:04 AM PDT
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