515 NW Coast St - Restaurant FOR SALE


Newport, OR 97365
$2,195,000 USD
541-992-2177
515 NW Coast St, Newport, OR for Sale
$2,195,000 USD
Restaurant - FOR SALE
1/25
null | Request Cap Rate

515 NW Coast St
Newport, OR 97365


OVERVIEW

Welcome to The Taphouse at Nye Creek - where history meets hospitality! This exceptional property boasts a full restaurant and bar service, making it a go-to destination in the historic Nye District. Perfectly situated as a popular tourist and local attraction, it offers the convenience of being close to beach access while providing ocean views from outdoor seating. As you approach, you'll be pleased to find ample dedicated parking, including a separate lot, ensuring convenience for both patrons and staff. The Taphouse features a remarkable 30 beer taps, catering to beer enthusiasts and connoisseurs alike. Adding to the culinary experience is a state-of-the-art brick pizza oven and a class 1 hood system that sets the stage for a diverse and flavorful menu. Inside, the ambiance is enhanced by the impressive 25-foot ceilings, creating a spacious and inviting atmosphere. The establishment is equipped with a sprinkler system for safety, ensuring a secure environment for all. The entire space is thoughtfully designed to be all one-level, providing accessibility for everyone, complemented by two ADA restrooms. With a dedicated team of 25-30 employees, The Taphouse prides itself on delivering exceptional service. The oversized dining room is a focal point, featuring numerous TVs for entertainment and a vibrant social experience. Whether you're here for a casual meal, a celebration, or to catch the big game, the Taphouse offers a warm and welcoming setting for all occasions. Two Commercial storefronts and parking lot are also listed separately. Or, purchase all of the property.

FOR SALE DETAILS

PRICE

$2,195,000 USD

PRICE/SF

$525 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,375 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.