$549000
Price cut: $30K (04-28-2025)
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Bed
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Bath
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8344 SqFt
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97 DOM
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Built: 1962
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Status: Active
Love this home?
Great two-story commercial building in the heart of Newport with excellent visibility off Hwy 101 and yearly GROSS INCOME OF $42,000. This large building features 3 separate bottom floor units which are currently being operated as a Mexican Store, meat market & retail store. The second story features 4 rentable business spaces with 2 currently being utilized as a yoga studio and a meeting room. There's a huge opportunity to increase total income by renting out several other spaces that aren't being utilized and with C-1 zoning, it allows for a wide range of usages. This centrally located building is close to the hospital, the Bayfront, restaurants, shopping, the ocean and much more! Buyers to perform all due diligence and verify all planned usages with the City. DO NOT DISTURB THE TENANTS.
Listing Provided Courtesy of Lucinda Hage, Coldwell Banker Professional
General Information
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106917442
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Commercial
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97 DOM
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4791.6 SqFt
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8344
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1962
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C-1
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Lincoln
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R49830
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CommercialSale
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Commercial
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PROPERTY ID R49830 BAYLEY AND CASES SECOND ADDN., BLOCK 54, LOT 5
Listing Provided Courtesy of Lucinda Hage, Coldwell Banker Professional
PDXA1 Realty Group data last checked: Jul 29, 2025 14:58 | Listing last modified Apr 28, 2025 12:47,
Source:
Residence Information
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8344
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Flat,Membrane
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2
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1962
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No
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Features and Utilities
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WallFurnace, Zoned
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PublicSewer
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Electricity
Financial
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6511.65
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Cash,Conventional
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01-21-2025
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No
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No
Comparable Information
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97
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189
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Cash,Conventional
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$599,000
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$549,000
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Apr 28, 2025 12:47
Schools
Map
Listing courtesy of Coldwell Banker Professional.
The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon.
Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and
detailed information about these properties include the name of the listing's broker.
Listing content is copyright © 2019 RMLS of Portland, Oregon.
All information provided is deemed reliable but is not guaranteed and should be independently verified.
PDXA1 Realty Group data last checked: Jul 29, 2025 14:58 | Listing last modified Apr 28, 2025 12:47.
Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Venkat is a very good negotiator. He was quick to respond, when I had questions. He came to all the meetings with the seller and provided valuable inputs on inspections and mortgage options. Overall, I was impressed and would love to work with him again.
Venkat is very professional and has tremendous knowledge in the real estate industry. He was always available to discuss and made time to visit the construction site several times during the course. I was looking at a new construction and had to wait for the property to be built.
Muthu has good knowledge about the community and understands the needs of his customers. He helped us sell our house in record time and followed up with the buyer and the agent until the complete closure. We received multiple offers and Muthu negotiated well and helped us decide on the buyer.
Venkat Muthu is a wonderful person to go with. Very friendly and advices as per the need and gives his service and support where and when needed and some times going beyond. Really happy to share the review and I highly recommend if anyone is looking for any homes.
Venkat is great to work with as realtor. He is very patient and listens to the requests of the buyer or seller and doesn’t push as t any point of time. He has a good understanding of the market situation and location for investments as well. All this comes from experience with him recently buying a home.
Thinking about buying or selling. Let’s Talk.
Whether you’re looking to buy your dream home, sell your property for the best price, or explore investment opportunities, PDXA1 Realty Group is here to help. With expertise, personalized service, and a commitment to your goals, we’ll guide you every step of the way. Contact us today at (971) 330-1856 let’s start the conversation!
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