Listing provided courtesy of Coldwell Banker Professional- MLS# 106917442
Images
Request Info316 SW Coast HwyNewport, OR 97365
Commercial · 8,344 Sq. ft. | 0.11 Acres$514,990
Active
316 SW Coast Hwy Overview
- Time on Site:
- 524 days
- Visits:
- 9
Great two-story commercial building in the heart of Newport with excellent visibility off Hwy 101 and yearly GROSS INCOME OF $42,000. This large building features 3 separate bottom floor units which are currently being operated as a Mexican Store, meat market & retail store. The second story features 4 rentable business spaces with 2 currently being utilized as a yoga studio and a meeting room. There's a huge opportunity to increase total income by renting out several other spaces that aren't being utilized and with C-1 zoning, it allows for a wide range of usages. This centrally located building is close to the hospital, the Bayfront, restaurants, shopping, the ocean and much more! Buyers to perform all due diligence and verify all planned usages with the City. DO NOT DISTURB THE TENANTS.
Love this property?
Create a profile so you can receive updates on this property as soon as they happen!
View Map
316 SW Coast Hwy Facts & Features
- Type Commercial
- Sq. ft. 8,344
- Price/Sq.ft. $62
- Lot 0.11 Acres
Details
General
Income/Expenses
- Gross Income: 42000.0
- Operating Expense: 11400.0
Building Information
- Year Built: 1962
Business Information
- Current Use: Grocery,Office
Location/Region
- Country: US
- County Or Parish: Lincoln
- MLS Area Major: 200 - Lincoln County
Tax Information
- Tax Annual Amount: 6511.65
- Tax Year: 2025
General Information
- Listing Terms: Cash,Conventional
- Parcel Number: R49830
- Property Sub Type: Commercial
- Property Type: Commercial Sale
- Zoning: C-1
Interior
Building Interior
- Building Area Total: 8344.0
General Information
- Heating: Wall Furnace,Zoned
- Stories: 2
Exterior
Lot Information
- Lot Size Acres: 0.11
- Lot Size Area: 4,792
- Lot Size Square Feet: 4791.0
- Road Surface Type: Paved
- Water Source: Public Water
Building Exterior/Construction
- Construction Materials: Brick
- Roof: Flat,Membrane
General Information
- Sewer: Public Sewer
316 SW Coast Hwy 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
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.316 SW Coast Hwy Monthly Cost
316 SW Coast Hwy 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
316 SW Coast Hwy History
| Date | Value | Agent |
|---|---|---|
| 6/29/2026Source: Regional MLS | Active |
|
| 6/29/2026Source: Tillamook MLS | Active |
|
| 6/1/2026Source: Regional MLS | Pending |
|
| 6/1/2026Source: Tillamook MLS | Pending |
|
| 1/5/2026Source: Tillamook MLS | $579,000 -3.3% |
|
| 1/5/2026Source: Tillamook MLS | January 21, 2025 |
|
| 1/5/2026Source: Tillamook MLS | $524,900 -4.4% |
|
| 1/5/2026Source: Tillamook MLS | $549,000 -5.2% |
|
| 1/5/2026Source: Tillamook MLS | $514,990 -1.9% |
|
| 11/13/2025Source: Regional MLS | $514,990 -1.9% |
|
| 8/21/2025Source: Regional MLS | $524,900 -4.4% |
|
| 4/28/2025Source: Regional MLS | $549,000 -5.2% |
|
| 4/4/2025Source: Regional MLS | $579,000 -3.3% |
|
| 1/21/2025Source: Regional MLS | January 21, 2025 |