605 E Olive Street, Newport, OR 97365 (MLS # 25-1252)
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Prime C-3 Zoned Commercial Lot with Highway 20 Frontage. Exceptional opportunity to acquire a high-exposure commercial property within Newport city limits. Positioned directly on Highway 20 with approximately 50 feet of frontage, this site offers unmatched visibility and access just above the iconic Bayfront District. C-3 (General Commercial) zoning supports a wide range of high-traffic business uses and allows for substantial development flexibility, including up to 85-90 percent lot coverage and building heights up to 50 feet (buyer to verify with the City of Newport for specific site constraints or approvals). The property currently features a small standalone structure with a drive-through window-ideal for a variety of small-scale retail or service applications. Do Not Disturb Tenant Previously operated as a coffee kiosk and now home to a dog grooming business, the existing building provides a functional footprint for owner-users or tenants seeking immediate use. Alternatively, redevelop the site to maximize its commercial potential. This is a rare chance to secure a highly trafficked, build-ready commercial parcel in a central Newport location with excellent proximity to local tourism, residential density, and major travel routes. The sale does not include the business.
| DAYS ON MARKET | 15 | LAST UPDATED | 6/1/2025 |
|---|---|---|---|
| TRACT | Fredericksburg | YEAR BUILT | 2003 |
| COMMUNITY | Newport/South Beach | COUNTY | Lincoln |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| AREA | Newport/South Beach |
|---|---|
| HEAT | Electric |
| INTERIOR | Vaulted Ceiling(s) |
| LOT | 5663 sq ft |
| SUBDIVISION | Fredericksburg |
| TAXES | 2448.24 |
| UTILITIES | Natural Gas Not Available |
| VIEW DESCRIPTION | None |
| WATER | Public |
| ZONING | C-3 Highway (Heavy) Commercial |
MORTGAGE CALCULATOR
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Data Last Updated: 6/16/25 8:18 AM PDT
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