118 SW Brook Street, Newport, OR 97365 (MLS # 25-1197)
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Investor alert in prime Nye Beach location! Zoned R4, this 0.14-acre lot offers development potential"”build a motel, lodge, clinic, office, or multi-unit housing. The current 3 bed, 1 bath home uses half the lot"”develop the other half or expand upward to capture the ocean views. Enclose the unfinished basement for added living space or rebuild the detached garage for storage or ADU potential. Updated electric panel (approx. 3 years ago). Just blocks from shops, restaurants, and the beach. Ocean views from main level"”stunning views possible from upper floors. Endless options in a high-demand coastal zone. This is a rare find with major upside in Newport's sought-after Nye Beach District! Buyer to confirm permitted uses, building or remodeling guidelines and restrictions, with the county.
| DAYS ON MARKET | 4 | LAST UPDATED | 5/27/2025 |
|---|---|---|---|
| TRACT | N/A | YEAR BUILT | 1915 |
| COMMUNITY | Newport/South Beach | COUNTY | Lincoln |
| STATUS | Active | PROPERTY TYPE(S) | Single Family |
| ADDITIONAL DETAILS | |
| APPLIANCES | Water Heater |
|---|---|
| AREA | Newport/South Beach |
| INTERIOR | Beamed Ceilings, Vaulted Ceiling(s) |
| LOT | 6098 sq ft |
| LOT DIMENSIONS | 50' x 125' |
| PARKING | RV Access/Parking |
| STYLE | Cottage |
| SUBDIVISION | N/A |
| TAXES | 2229.53 |
| VIEW | Yes |
| VIEW DESCRIPTION | Ocean |
| WATER | Public |
| ZONING | R-4 Residential |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with Realty One Group At The Beach, Newport
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Data Last Updated: 5/31/25 11:00 AM PDT
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