401 SW 9th St - Loft/Creative Space FOR SALE


Newport, OR 97365
$825,000 USD
510-928-5544
401 SW 9th St, Newport, OR for Sale
$825,000 USD
Loft/Creative Space - FOR SALE
1/1
null | Request Cap Rate

401 SW 9th St
Newport, OR 97365


HIGHLIGHTS

  • Retail, Resturaunt, Wine bar, art gallery , health care, office , and many other possibilities.
  • Abundant parking , with city lot, close to the waterfront, and just off 101 Updated and ready to go.
  • Living units upstairs, multi tenant, investment or owner occupant.

OVERVIEW

Two story commercial mixed use building in Newport. First time on the market in 20 years. Seller is doing a 1031. Lower floor is an open area which can be subdivided into individual units with 3 entry doors. Corner lot with free city parking across the street. Large glass windows on front. Upstairs has two units with full baths and can be subdivided. Residential. Owner pays utilities, gas heat. Roof redone approx 3 years ago. Owner user or investment. Lots of possibilities, from restaurant to bar, wine tasting to health care office and many other uses . Write offer contingent upon approval for desired used. Seller is principal and will cooperate and pay a buyers agent.

FOR SALE DETAILS

PRICE

$825,000 USD

PRICE/SF

$210 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

ADD'L SUBTYPES

Restaurant, Storefront Retail/Office, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1938

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

C-1

APN/PARCEL ID

R156643

ASK ABOUT THIS PROPERTY

Paul MaguireMaguire Real Estate and InvestmentsMore Info
510-928-5544

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Paul MaguireMaguire Real Estate and InvestmentsMore Info
510-928-5544

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.