Coldwell Banker Professional Group - Lincoln City
Listed by Coldwell Banker Professional Group - Lincoln City
$514,990
316 SW Coast Hwy
Details
APN 111108BD-6100-00
Property Type Mixed Use
Sub Type Mixed Use
Square Footage 8,344
NOI $26,100
Year Built 1962
Stories 2
Lot Size (SqFt) 4,791
Zoning C-1 Commercial
Mixed Use | 8,344 SqFt
Marketing description
Great two-story commercial building in the heart of Newport w/ excellent visibility off Hwy 101 and yearly GROSS INCOME of 37,500. 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 w/ 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 Contacts
Coldwell Banker Professional Group - Lincoln City
Listed by Coldwell Banker Professional Group - Lincoln City
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$26,100.00
$2,175.00/mo
Valuation Metrics
0
DSCR
5.07%
Cap Rate
5.07%
ROI
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