501 NW Coast St - Restaurant FOR SALE


Newport, OR 97365
$2,950,000 USD
541-992-2177
501 NW Coast St, Newport, OR for Sale
$2,950,000 USD
Restaurant - FOR SALE
1/26
null | Request Cap Rate

NEW


501 NW Coast St
Newport, OR 97365


HIGHLIGHTS

  • Heavy daytime foot traffic
  • Beach access nearby
  • Ample parking

OVERVIEW

Prime commercial investment opportunity in the Nye District. Formerly operating as ''The Taphouse,'' this fully equipped restaurant and bar is ready for its next chapter, offering an incredible investment opportunity. The sale includes all existing furnishings, fixtures, and equipment, making it a turnkey space for a new concept. Located in a high-foot-traffic area near beach access, this property benefits from a steady flow of locals and tourists alike. In addition to the restaurant/bar space, the sale includes an additional parking lot and two commercial storefronts. Both storefronts are currently leased, providing immediate rental income. The sale for the storefronts is for the real estate only, not the existing businesses. Take advantage of this opportunity today!

FOR SALE DETAILS

PRICE

$2,950,000 USD

PRICE/SF

$706 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

34

LAND DETAILS

LAND ACRES

0.69 AC

LAND SF

30,056 SF

ZONING

C-2

APN/PARCEL ID

R262880

ASK ABOUT THIS PROPERTY

Dennis RegenTaylor & Taylor Realty Co.More Info
541-992-2177

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Dennis RegenTaylor & Taylor Realty Co.More Info
541-992-2177

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