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Listing provided courtesy of Taylor & Taylor Realty Company- MLS# LC-98676MLS ProviderSource MLS Verified

242 W Olive StreetNewport, OR 97365

Commercial · 2,295 Sq. ft. | 0.29 Acres
$579,000 Active

242 W Olive Street Overview

Time on Site:
188 days
Visits:
19

Commercial Building with ocean views. Located in a high traffic area of Newport. 2,295 square feet in total. The main level of the building includes a reception area, 4 offices, kitchen-break room and bathroom. On the upper level there is a reception area, 2 offices, kitchen/break room and a second bathroom. Each level is metered separately with a F/A gas furnace & heat pump with air-conditioning. Buyer to agree to mandatory leaseback for 48 months to Seller. Shown by appointment only.

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242 W Olive Street Facts & Features

  • Type Commercial
  • Sq. ft. 2,295
  • Price/Sq.ft. $252
  • Lot 0.29 Acres

Details

General

Association/HOA

  • Association: false

Building Information

  • Year Built: 1957

Business Information

  • Business Type: Medical

Location/Region

  • County Or Parish: Lincoln
  • Subdivision Name: Nob Hill Beach

Rent/Lease Information

  • Land Lease: false
  • Lease Considered: false

Tax Information

  • Tax Annual Amount: 6442.49
  • Tax Year: 2025

General Information

  • Furnished: Unfurnished
  • Inclusions: Building
  • Listing Terms: 1031 Exchange,Cash,Conventional,Submit
  • Parcel Number: 111108BA-2200-00
  • Property Sub Type: Mixed Use
  • Property Type: Commercial Sale
  • Special Listing Conditions: Standard
  • Zoning: C-1 Commercial

Interior

Parking Information

  • Garage: false

Beds/Baths

  • Bathrooms Total: 2

Building Interior

  • Building Area Source: Assessor
  • Building Area Total: 2295.0

General Information

  • Accessibility Features: Accessible Entrance
  • Appliances: Microwave,Water Heater
  • Basement: false
  • Building Features: Meeting Room(s),Separate Office Area
  • Fireplace: false
  • Flooring: Carpet,Vinyl
  • Foundation Details: Slab
  • Levels: Two
  • Security Features: Security System
  • Stories Total: 2

Exterior

Parking Information

  • Parking Total: 12.0

Lot Information

  • Lot Features: Level
  • Lot Size Acres: 0.29
  • Lot Size Area: 0.29
  • Lot Size Dimensions: 83.3x100
  • Lot Size Square Feet: 12632.4
  • Lot Size Units: Acres
  • Road Surface Type: Asphalt,Paved
  • Water Source: Public

Waterfront/View

  • View: Ocean
  • Waterfront: false

Building Exterior/Construction

  • Construction Materials: Concrete
  • Roof: Metal

General Information

  • Carport: false
  • Other Structures: None
  • Road Frontage Type: City Street
  • Sewer: Public Sewer
  • Utilities: Electricity Connected,Natural Gas Connected,Water Available

242 W Olive Street Neighborhood

Community

97365 (Newport) Demographics

46
Median Age
252
Population Density (per sq. mile)
38%
College Educated
$49,529
Estimated Median Income
2,693
Estimated Total Home Owners
2,073
Estimated Total Renters
57% / 43%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

242 W Olive Street Monthly Cost

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$ %
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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

242 W Olive Street Market Data

Based on the last 30 days in this zip code

$620,101
Average List Price
$335
Average Price per Square Foot
17
Properties Sold
106
Average Days on Market
158
Properties for Sale
Calculations provided by Reliance Network

242 W Olive Street History

Date Event Value Agent
1/5/2026Source: Tillamook MLS Added to Database
February 05, 2024
1/5/2026Source: Tillamook MLS Added to Database
February 05, 2024