1118 SW Canyon Way, Newport, OR 97365 (MLS# 26-293)

1118 SW Canyon Way, Newport, OR 97365

$1,695,000

Property Type: Commercial Sale Baths: 2 Square Footage: 5,288 Lot Size (sq. ft.): 23,522 Status: Active

Current Price: $1,695,000 List Date: 5/13/2026 Last Modified: 5/13/2026

Overview

Description

Investment opportunity on the Oregon Coast with a Bay and Bridge View! This property has several opportunities which include the existing 5200 sq. ft building and newly built covered patio. Upper parking lot has 10 off street parking spaces. Newly installed infrastructure in the lower parking lot which includes underground water/sewer and power with individual pedestals for 7 food trucks/RVs with recent conditional use approval to be the first food truck pod in Newport. Appraisal in 2023 for 2,250,00.00. Seller is a licensed RE Broker. Currently set up for Brewery/Restaurant. Seller may sell equipment separately.

Listing Details MLS# 26-293

Listing Information

Listing Association Name: Lincoln County BOR
Property Sub Type: Retail

Status Change Information

Price Change Timestamp: 2026-05-13T15:53:52Z
Status Change Timestamp: 2026-05-13
Back on Market Date: 2026-03-20

Address

Street Number: 1118
Street Direction Prefix: SW
Street Name: Canyon
Street Suffix: Way
County: Lincoln
State: OR
Postal Code: 97365
Directions: Hwy 101 to SW Hurbert to SW Canyon Way Drive
Parcel Number: R225146

Contract

Begin Date: 2026-02-13
Listing Agreement: Exclusive Right To Sell
Listing Service: Full Service

Tax Legal

Subdivision Name: Bayley and Case's
Tax Annual Amount: 13734.23
Tax Year: 2025
Zoning: C-1 Commercial
Tax Lot: 16500
Tax Map Number: 111108BD

Interior

Above Grade Finished Area: 5000
Living Area: 5288
Building Area Source: Owner
Basement YN: No
Fireplace YN: Yes
Bathrooms Total: 2
Furnished: Negotiable

More Information

Parking Information

Garage YN: Yes
Garage Spaces: 2
Parking Total: 21

Building

Year Built: 2019
Year Built Source: Appraiser
Year Built Effective: 2019
Stories Total: Yes
Accessibility Features YN: Yes

Lot

Lot Size Acres: 0.54
Lot Size Square Feet: 23522.4
Water Body Access YN: No
Accessory Dwelling Unit YN: No

Building and Property Details

Building and Property Condition: Excellent

Business Details

Equip/FF Incl Y/N: Yes
Equip/FF Value: 700000
List Available Y/N: Yes

Additional Tax and Location Information

Additional Tax ID #s: TL 16400, 16401 & 19000
Highway 101: East Side
Property Tax ID #: R225146
Tax District: 115

Tax & Legal

CC&R's: No

Currently Not Used

Association YN: No

Utilities

Electricity Connected: Yes
Natural Gas Connected: Yes
Water Available: Yes

Accessibility Features

Accessible Doors: Yes

Appliances

Dishwasher: Yes
Microwave: Yes
Refrigerator: Yes
Water Heater: Yes

Construction Materials

Other: Yes

Cooling

Central Air: Yes

Foundation Details

Slab: Yes

Heating

Ductless: Yes
Heat Pump: Yes

Levels

One: Yes

Listing Terms

1031 Exchange: Yes
Cash: Yes
Conventional: Yes

Lot Features

Level: Yes

Other Structures

None: Yes

Parking Features

Attached Garage: Yes

Possession

Close Of Escrow: Yes

Road Surface Type

Paved: Yes

Roof

Metal: Yes

Sewer

Public Sewer: Yes

Special Listing Conditions

Standard: Yes

View

Bridge(s): Yes

Water Body Type

Bay: Yes

Water Body View

Yes: Yes

Water Heater

Gas: Yes

Water Source

Public: Yes

Business Type

Restaurant: Yes

Sale Includes

Building: Yes

Showing Requirements

24 Hour Notice: Yes
Appointment Only: Yes

Property Features

Utilities: Electricity Connected; Natural Gas Connected; Water Available; Electricity Connected; Natural Gas Connected; Water Available Accessibility Features: Accessible Doors Appliances: Dishwasher; Microwave; Refrigerator; Water Heater Business Type: Restaurant Construction Materials: Other Cooling: Central Air Foundation Details: Slab Heating: Ductless; Heat Pump Levels: One Listing Terms: 1031 Exchange; Cash; Conventional Lot Features: Level Other Structures: None Parking Features: Attached Garage Possession: Close Of Escrow Road Surface Type: Paved Roof: Metal Sale Includes: Building Sewer: Public Sewer Special Listing Conditions: Standard View: Bridge(s) Water Body Type: Bay Water Body View: Yes Water Heater: Gas Water Source: Public Showing Requirements: 24 Hour Notice; Appointment Only

Listing Office: Equity Plus Real Estate

Office Email: brodie@oceanequity.com

Last Updated: May - 13 - 2026

Information deemed reliable but not guaranteed.