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325 NW Coast St Commercial $1,425,000 — Listed by SHELLEY HENDERSON, COPPER ROCK REAL ESTATE

Updated on Apr 14, 2024

Amazing Investment opportunity in the trendy coastal neighborhood of Nye Beach in Newport... $1,425,000

Address 325 NW Coast St
Newport, OR 97365
TypePurchase
Price$1,425,000
Bedrooms0
Bathrooms0
Living Area5,250 square feet
StatusActive
Listing Agent
(503) 881-7399
Office
2376 14th AVE SE
ALBANY, OR 97322
(541) 791-3333
Located in NEWPORT, OR
Amazing Investment opportunity in the trendy coastal neighborhood of Nye Beach in Newport, OR! Archway Place is a 5,250 SF retail property w/ 8 parcels - divided into 4 suites. Absolute NNN and 100% occupied - all are multi-year w/renewal options. 2022 CAP was 5.63%. 2023 - 5.83% w/ a 5-year AVG of 6.1%. Built in 2008, Archway Place is exceptionally well maintained. Onsite parking lot. Residential condos above the retail spaces not part of the sale. Seller will consider carrying.

    Taxes

  • $11,090
  • General

  • Property type: Commercial
  • Property sub type: Other
  • Living area: 5250
  • Lot size: 0.12
  • Listing date: 2023-03-28
  • Listing title: Commercial - Newport, OR
  • Architecture style: Other
  • Is new construction: no
  • Num parking spaces: 9.0
  • Roof types: Unknown
  • Listing Details

  • Mls name: Willamette Valley Multiple Listing Service
  • MLS Identifier: WVMLSOR
  • MLS Number: 803157
  • Provider name: COMMERCIAL R. E. SOLUTIONS
  • Provider Category: Broker
  • Property Type: Commercial
  • Property sub type: Other
  • Listing Category: Purchase
  • Office Key: WVMLSOR-235
  • Office ID: 235
Copyright © 2024 Willamette Valley Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

 

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325 NW Coast St
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