1216 Canyon Way Sw, Newport, OR 97365

$650,000
2
BA
9,340
SqFt
List Price
$650,000
MLS#
20-843
Region
Snew - Newport
Subdivision
Bayley And Case's
Year Built
1938

Property Description

Wonderful opportunity to own large parcel of commercial property with multiple opportunities and ways to transform this property. The value is in the land, robust retaining wall, 200 amp power supply and loading docks. Transform the building into a hotel, condos, or keep as restaurant and retail. Comes with parking spaces, although use of the building would dictate how many. Walking distance to the Bay Front, views of the Bay and Bridge, and prime for development. Property is currently a book store and restaurant. Those two business and inventory are not included but could be purchased separately. Contact brokers for details if interested. Check with the City of Newport for uses of this building and property.

Additional Information

Tax Amount
$7,619
Tax Year
2019
Living Area
9,340

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Martek Real Estate.