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426 NW Coast St, Newport, OR 97365

$2,375,000

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Property Description

Brand new PVC membrane roof has been installed on all buildings and interior updates on the former restaurant in progess! The price has been slashed, and the seller is motivated; bring an offer! Prime commercial investment opportunity in the Nye District. A former restaurant and bar, this property is fully equipped and is ready for its next chapter, offering an incredible investment opportunity. The sale includes all existing furnishings, fixtures, and equipment, making it a turnkey space for a new concept. Located in a high-foot-traffic area near beach access, this property benefits from a steady flow of locals and tourists alike. In addition to the restaurant/bar space, the sale includes an additional parking lot and two commercial storefronts. Both storefronts are currently leased, providing immediate rental income. The sale for the storefronts is for the real estate only, not the existing businesses. Take advantage of this opportunity today!

426 NW Coast St | MLS# 766799633

This commercial property located at 426 NW Coast St, Newport, OR 97365 is currently listed for sale with an asking price of $2,375,000. Search Newport real estate on daniellegates.bendpremierrealestate.com today.

Property Features

Property Type: Commercial - Business
Cooling: None
Fuel Type: Electricity, Gas
Heating: Forced Air
Lot Size: 0.69 Acres
Roof Type: Built-Up
Stories: 1.0
Taxes: $12,329
Year Built: 1974
Square Feet: 6,505

Feature Descriptions

Amp-Volt: 200 (Amps)
Business Name: TapHouse at Nye Creek (former)
Days on Site: 431
Gross Income: $80000.00 (Actual)
Inventory Included: 1
Loading Information: NoLoadingFacilities
Miscellaneous Features: Sign
Operating Expenses: $9694.00 (Actual)
Parking Notes: OffSite, OnSite
Present Use: FoodService, Retail, Tavern
Road Surface: Paved
Sewer: Public Sewer
Special View Info: Ocean
Truck Door: None
Water: Public Water

Listed By / Shown By

Listed By

Agency Name: Taylor & Taylor Realty Co.
Agency Contact: 541-994-9111

Shown By

Agent Name: Danielle Gates Principal Broker
Agent Phone: (541) 921-7130
Agency Title: Bend Premier Real Estate

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