Description
Amazing Investment opportunity in the trendy coastal neighborhood of Nye Beach in Newport, OR! Archway Place is a 5,250 SF retail property w/ 8 parcels - divided into 4 suites. Absolute NNN and 100% occupied - all are multi-year w/renewal options. 2022 CAP was 5.63%. 2023 - 5.83% w/ a 5-year AVG of 6.1%. Built in 2008, Archway Place is exceptionally well maintained. Onsite parking lot. Residential condos above the retail spaces not part of the sale. Seller will consider carrying.
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0BEDS
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0.12ACRES
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0BATHS
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01/2 BATHS
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5,250SQFT
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$286$/SQFT
School Ratings & Info
Description
Amazing Investment opportunity in the trendy coastal neighborhood of Nye Beach in Newport, OR! Archway Place is a 5,250 SF retail property w/ 8 parcels - divided into 4 suites. Absolute NNN and 100% occupied - all are multi-year w/renewal options. 2022 CAP was 5.63%. 2023 - 5.83% w/ a 5-year AVG of 6.1%. Built in 2008, Archway Place is exceptionally well maintained. Onsite parking lot. Residential condos above the retail spaces not part of the sale. Seller will consider carrying.
© 2023 Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market. Data last updated: 2023-09-26T21:09:03.237.