701 Northwest Beach Drive
100% Leased 5,115 SqFt Nye Beach, Newport, OR
Marketing description
Archway Place is a multi use condominium building in the heart of the Historic Nye Beach located at the crossroads of NW Beach Drive and NW Coast Street in Newport Oregon. Featured in this sale are all eight ground floor commercial condos (residential condos not included). The property was built in 2007 and totals 5,115 square feet across the commercial spaces.
The retail is situated on 0.12 acres and zoned C-2 (Tourist Commercial). Currently the retail is 100% leased and features a diverse yet appropriate mix of tenants for the high-traffic commercial tourist corridor. Tenants hold NNN leases. These retail units generate a strong in place NOI of $98,268, providing an investor with cash flow from day one. Each tenant has their own sidewalk access, and Ultralife and the Archway Market spaces are currently connected within.
The commercial ground floor condos come with eight parking spaces intended for customer or employee parking. These retail units are strategically placed near the beach access turn around in a happening part of town that attracts the attention of all who visit Newport.
Property Highlights
- Stable, diversified tenant mix capturing day-to-day local spending and tourist seasonality (coffee + convenience + apparel + gifts).
- Locally rooted operators with strong community reputations, historically strong occupancy, benefits for lease stability and repeat customers.
- Compact, walkable retail cluster in historic Nye Beach with high pedestrian exposure and synergy between adjacent tenants (Archway Market + Ultra Life).
- Low management burden: no third-party management fees currently; routine expenses modest.
- Designated ground-level, covered parking intended for customer use, up to 8-vehicles adding an important commercial feature of the project.
Investment highlights
Location! Location! Location! Positioned in the heart of Newport’s historic Nye Beach, Archway Place offers a rare opportunity to own all eight ground-floor commercial condominium units within a well-established, high-visibility coastal retail hub. These condos are also divisible.
The asset is 100% occupied by a curated mix of locally respected tenants serving both daily community needs and steady tourist demand. Tenants hold NNN leases. These retail units generate a strong in place NOI of $98,268, providing an investor with cash flow from day one.
The offering includes 5,115 square feet of fully leased commercial space on 0.12 acres, zoned C-2 (Tourist Commercial). Built in 2007, investors will appreciate the in-place income and operational simplicity, with no current third-party management and modest expenses. The property includes eight dedicated covered parking spaces. This walkable retail cluster benefits from strong pedestrian traffic, cross-tenant synergy, and prominent placement near beach access, driving consistent visibility and repeat business. Residential condominiums above are not included in the sale. Tenant businesses are not for sale.
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