Property Description
Two 800sf Units can be connected to make one living quarters or one to live in and one to rent! Commercial Profitable property on the Historic and Scenic Newport Bayfront. Property includes two cash-flowing short term rentals upstairs and very good restaurant space downstairs with indoor seating, bar, full kitchen and everything else needed to run a robust, multifaceted business. Roof top decks for both upstairs apartments that are perfect to watch the fishing fleet of Port Dock 5, bustling passerby’s, and 4th of July fireworks. Buyer to do their own due diligence on transfer of short term rental status for the property as well as worth of rentals.
- Status Active
- City Newport
- County Lincoln
- State Oregon
- Major Area Newport/South Beach
- Subdivision Newport
- Parcel Number 111108AC-11200-00
- U.S. Highway 101 East Side
- Property Type Residential Site Blt
- Property Sub-Type Single Family Residence
- Style Duplex
- Primary View Bay
- Secondary View Bridge
- Bedrooms 2
- Bathrooms 2
- Basement No
- Ceiling Flat, Vaulted
- Flooring Other, Tile, Wood
- Heating/Cooling Electric Wall/Zone
- Alternate Heat Gas Fireplace
- Water Heater Electric
- Garage Type None
- Street Surface Paved
- Roof Composition
- Siding Lap
- Foundation Concrete Perimeter
- Total Square Feet 1,580
- Year Built 1985
- Lot Acres 0.08
- Frontage Bay
- Zoning C-1 Commercial
- Water City
- Sewer City
- Electric On Property
- Gas On Property
- Bank/Lender Owned No
- Seller's Terms 1031, Cash, Conventional Financing
- Price $999,000
- Taxes $4,040
- Tax Year 2020
- MLS Number 21-656
- Phone Number (541) 961-6688
- Directions SW Bay Blvd just east of SW Hatfield Drive. 3rd property on the North of Bay Blvd. Sail Inn Cafe.
Oregon Life Homes is the listing office. Call Doretta Smith at (541) 961-6688 to see this property or obtain more information.
