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401 SW 9th St

3,920 SF 100% Leased Office Building Newport, OR 97365 $1,188,742 CAD ($303 CAD/SF)

Investment Highlights

  • Retail, Resturaunt, Wine bar, art gallery , health care, office , and many other possibilities.
  • Living units upstairs, multi tenant, investment or owner occupant.
  • Abundant parking , with city lot, close to the waterfront, and just off 101 Updated and ready to go.

Executive Summary

Two story commercial mixed use building in Newport. First time on the market in 20 years. Seller is doing a 1031. Lower floor is an open area which can be subdivided into individual units with 3 entry doors. Corner lot with free city parking across the street. Large glass windows on front.
Upstairs has two units with full baths and can be subdivided. Residential. Owner pays utilities, gas heat. Roof redone approx 3 years ago. Owner user or investment. Lots of possibilities, from restaurant to bar, wine tasting to health care office and many other uses . Write offer contingent upon approval for desired used.
Seller is principal and will cooperate and pay a buyers agent.

Property Facts

Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
3,920 SF
Building Class
C
Year Built/Renovated
1938/2009
Price
$1,188,742 CAD
Price Per SF
$303 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,960 SF
Building FAR
1.80
Lot Size
0.05 AC
Zoning
C-1 - check with city for your particular use
Walk Score ®
Very Walkable (89)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R156643
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$306,821 CAD
  • Listing ID: 34280746

  • Date on Market: 2024-12-23

  • Last Updated:

  • Address: 401 SW 9th St, Newport, OR 97365

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