515 NW Coast ST, Newport, OR 97365
515 NW Coast ST, Newport, OR 97365
515 NW Coast ST, Newport, OR 97365
515 NW Coast ST, Newport, OR 97365
515 NW Coast ST, Newport, OR 97365
515 NW Coast ST, Newport, OR 97365
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Alex Phan

Alex Phan

+1(503) 860-8128
$ 1

2 Baths

4,180 SqFt

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$ 1
Save

2 Baths

4,180 SqFt

Key Details

Property Type Other Types

Sub Type Mixed Use

Listing Status Active

Purchase Type For Rent

Square Footage 4,180 sqft

Subdivision Nye & Thompson

MLS Listing ID 26-1986

HOA Y/N No

Year Built 1974

Annual Tax Amount $3,379

Tax Year 2026

Lot Size 6,098 Sqft

Acres 6098.4

Property Sub-Type Mixed Use

Source Oregon Coast Multiple Listing Service

Property Description

Prime commercial lease opportunity in the heart of Newport's Nye Beach District. Formerly a restaurant and taphouse, this fully built-out commercial space offers an exceptional opportunity for a new tenant to bring their own concept to a popular destination. While the previous business is no longer in operation, many of the existing improvements remain in place, making the space well suited for a restaurant, brewery, taproom, café, or other approved commercial use. Offered as a Triple Net (NNN) lease with an introductory rental schedule of $5,000 per month for months 1-3, $7,500 per month for months 4-6, and $9,000 per month beginning in month 7. Surrounded by established businesses, lodging, beach access, and year-round visitor traffic, this is an outstanding opportunity to establish your business in the vibrant Nye Beach District.

Location

State OR

County Lincoln

Zoning C-2 General Commercial

Direction From highway 101, turn west on W Olive Street. Follow W Olive Street and turn on north on NW Coast street. Follow NW Coast street to property. Property is located on west and east side of NW Coast street.

Rooms

Other Rooms None

Interior

Heating Forced Air

Cooling None

Flooring Other

Furnishings Negotiable

Exterior

Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Ocean, Other

Roof Type Flat,Membrane

Accessibility Accessible Approach with Ramp, Accessible Full Bath

Garage No

Building

Lot Description Level

Story 1

Foundation Slab

Water Public

Level or Stories 1

Others

Tax ID 11-11-05-CC-07900-00

Lincoln County MLS Oregon / OREGON COAST MLS
Listed by Taylor & Taylor Realty Company

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515 NW Coast ST