426 NW ,501, 515 COAST ST Newport, OR $ 2,394,000
426 NW ,501, 515 COAST ST
$ 2,394,000
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426 NW ,501, 515 COAST ST

Newport, OR, 97365
$ 2,394,000
Bedrooms-- Baths-- Sq 6,505
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Property for Rent in Newport, OR

for $2,394,000. This 6,505 square foot property was built in 1974 on a lot size of 0.69.

Brand new PVC membrane roofs are being installed, and the former restaurant and taphouse is undergoing a full professional deep cleaning! The price has been slashed, and the seller is motivated; bring an offer! Prime commercial investment opportunity in the Nye District. A former restaurant and bar, this property is fully equipped and is ready for its next chapter, offering an incredible investment opportunity. The sale includes all existing furnishings, fixtures, and equipment, making it a turnkey space for a new concept. Located in a high-foot-traffic area near beach access, this property benefits from a steady flow of locals and tourists alike. In addition to the restaurant/bar space, the sale includes an additional parking lot and two commercial storefronts. Both storefronts are currently leased, providing immediate rental income. The sale for the storefronts is for the real estate only, not the existing businesses. Take advantage of this opportunity today!

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Rental Active

Price

$ 2,394,000

Taxes

$ 12,328

Style

Commercial

Lot Size

0.69

Year Built

1974

Town/City

Newport

County/Region

Lincoln

MLS | Web ID

766799633

Features
General
Sewer PublicSewer
Heating ForcedAir
Cooling None
Roof BuiltUp
Zoning C2
Construction Materials CementSiding
Year Built 1974
Sale Includes Building Equipment Land
Stories Count 1
Amps 200
Property Subtype Commercial
Tax Year 2025
Current Use FoodService Retail Tavern
Parcel Number R262880
Gross Income 80000.0
Business Name TapHouse at Nye Creek (former)
County Lincoln
Operating Expense 9694.0
Property Type CommercialSale
HOA N
Status Active
Directions west on W Olive Street. Follow W Olive Street and turn on north on NW Coast street. Follow NW Coast
City Newport
MLS Area _200
Lot Size Square Feet 30056.0
Listing Terms Cash Conventional
Tax Annual Amount 12328.71
Property Condition UpdatedRemodeled
Lease Type NNN
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description PROPERTY ID R262880 NYE & THOMPSONS ADDN - NEWPORT - PTN BLOCK 12
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Exterior
Parking Features OffSite OnSite
Water Source PublicWater
Total Parking 34.0
Number of Buildings 3
Building Area Total 6505.0
Lot Size Acres 0.69
Road Surface Type Paved
Other Equipment Fixtures Furniture
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Internal Only
Street Number 1 426
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* Excluded Features
List By
Taylor & Taylor Realty Co.

Broker

541-994-9111

Contact

Nearby
1949264 Elementary School
1949174 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/30/2025$2,394,000 -0.21% Price Down
8/29/2025$2,399,000 -7.55% Price Down
7/25/2025$2,595,000 -5.60% Price Down
7/6/2025$2,749,000 -1.79% Price Down
5/30/2025$2,799,000 -1.76% Price Down
4/4/2025$2,849,000 -1.72% Price Down
3/7/2025$2,899,000 -1.73% Price Down
2/10/2025$2,950,000 Listed Price

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426 NW ,501, 515 COAST ST, Newport, OR, 97365 is a Property for Rent at $2,394,000 with 6,505 sqft and a lot size of 0.69. 426 NW ,501, 515 COAST ST was built in 1974. The property's zip code is 97365 which is in Newport, OR