325 NW Coast

    Newport, OR 97365
    • $1,500,000
    • STATUS: Active
    • ON SITE: 117 days
    • MLS #: 759862
    $1,500,000
    • 0
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,250
      SQFT
    • $286
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    County:

    School Ratings & Info

    Listing information © 2020 Willamette Valley Multiple Listing Service
    Listing provided courtesy of Copper Rock Real Estate

    Description

    Amazing Investment opportunity in the trendy coastal neighborhood of Nye Beach in Newport, Oregon! Archway Place offering consists of ground floor retail condos - 4 suites, 100% occupied - all are multi-year w/renewal options & all are NNN (individually metered for electricity). 3 suites have escalators in place. Cap rate is 5.54% w/ a 5-year AVG of 5.8%. Built in 2008, Archway Place is exceptionally well maintained. Onsite parking lot. Residential condos above the retail spaces.

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    © 2020 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 Keller Williams Mid-Willamette. Data last updated: 2020-06-02T00:08:50.037.
    www.suelongrealty.com/homes/102953045

    325 NW Coast Newport, OR 97365

    • Price: $1,500,000
    • Status: Active
    • MLS #: 759862
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    5,250
    SQFT
    $286
    $/SQFT
    Neighborhood:
    Os Outside 4 County Area
    County:
    Lincoln
    Area:
    Os Outside 4 County Area
    Property Description
    Amazing Investment opportunity in the trendy coastal neighborhood of Nye Beach in Newport, Oregon! Archway Place offering consists of ground floor retail condos - 4 suites, 100% occupied - all are multi-year w/renewal options & all are NNN (individually metered for electricity). 3 suites have escalators in place. Cap rate is 5.54% w/ a 5-year AVG of 5.8%. Built in 2008, Archway Place is exceptionally well maintained. Onsite parking lot. Residential condos above the retail spaces.
    Exterior Features

    Parking Spaces 9

    Property Features

    Cap Rate 5.54% Commercial Type Retail Confidentiality Agreement Required No Cross Street Beach Garbage 2682 Gross Sched Income 109451 Insurance 500 Janitor Lawn 1200 Maintenance 100 Miscellaneous 8775 Net Income 83057 New Construction No Possession Coe Property Name Archway Place Property Taxes 10185 Source Of Square Feet Owner Tax Amount 2952 Tax Years 2019 Terms Seller Will Consider CashConventional Total Expenses 26394 Water City Water Sewer 2952 Zoning C-2

    © 2020 Willamette Valley Multiple Listing Service. All rights reserved.


    © 2020 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 Keller Williams Mid-Willamette. Data last updated: 2020-06-02T00:08:50.037.
     
    Keller Williams Mid-Willamette
    1121 NW 9th St.
    Corvallis OR, 97330
    Listing information © 2020 Willamette Valley Multiple Listing Service
    Listing provided courtesy of Copper Rock Real Estate