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325 NW Coast

Newport, OR 97365
  • $1,600,000
  • STATUS: Active
  • ON SITE: 32 Days
  • MLS #: 791388
$1,600,000
  • 0
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,250
    SQFT
  • $305
    $/SQFT
Neighborhood:
Type:
Commercial
County:

School Ratings & Info

Listing provided courtesy of Copper Rock Real Estate: 541-791-3333. Listing information © 2022 Willamette Valley Multiple Listing Service



Description

Archway Place is a "pride of ownership property in the trendy coastal neighborhood of Nye Beach in Newport, Oregon. What is being offered for sale is the ground-floor retail portion of this mixed use project. 100% occupied - all leases are multi-year w/ renewal options & all are absolute NNN. Cap rate is 5.48% w/ a 5-year AVG of 5.75%. Archway Place is exceptionally well-maintained. Onsite parking lot for employees and customers. Residential condos above retail spaces not included.

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© 2022 Willamette Valley Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty. Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market.Data last updated: 2022-05-23T00:08:45.857.
www.midvalleyhomesource.com/homes/127894687
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325 NW Coast Newport, OR 97365

  • Price: $1,600,000
  • Status: Active
  • On Site: 32 Days
  • MLS #: 791388
0
Beds
0
Baths
0
½ Baths
0.12
Acres
5,250
SQFT
$305
$/SQFT
Neighborhood:
Os Outside 4 County Area
County:
Lincoln
Area:
Os Outside 4 County Area
Property Description
Archway Place is a "pride of ownership property in the trendy coastal neighborhood of Nye Beach in Newport, Oregon. What is being offered for sale is the ground-floor retail portion of this mixed use project. 100% occupied - all leases are multi-year w/ renewal options & all are absolute NNN. Cap rate is 5.48% w/ a 5-year AVG of 5.75%. Archway Place is exceptionally well-maintained. Onsite parking lot for employees and customers. Residential condos above retail spaces not included.
Exterior Features

Parking Spaces 9

Property Features

Cap Rate 5.48% Commercial Type Retail Confidentiality Agreement Required No Cross Street Beach New Construction No Possession Coe Property Name Archway Place Source Of Square Feet Owner Tax Amount 11209 Tax Years 2021 Terms Seller Will Consider CashConventional Water City Zoning C-2

© 2022 Willamette Valley Multiple Listing Service. All rights reserved.


© 2022 Willamette Valley Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty. Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market.Data last updated: 2022-05-23T00:08:45.857.
 
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eXp Realty
375 Pacific Blvd SW, Suite C
Albany OR, 97321
Listing provided courtesy of Copper Rock Real Estate: 541-791-3333. Listing information © 2022 Willamette Valley Multiple Listing Service