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242 W Olive Street

Newport, OR 97365
  • $579,000
  • STATUS: Active
  • ON SITE: 639 Days
  • MLS #: 23-820
UPDATED: 69 min ago
$579,000
  • 0
    BEDS
  • 0.29
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 2,295
    SQFT
  • $252
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1957
County:

School Ratings & Info

Description

Commercial Building with ocean views. Located in a high traffic area of Newport. 2,295 square feet in total. The main level of the building includes a reception area, 4 offices, kitchen-break room and bathroom. On the upper level there is a reception area, 2 offices, kitchen/break room and a second bathroom. Each level is metered separately with a F/A gas furnace & heat pump with air-conditioning. Buyer to agree to mandatory leaseback for 48 months to Seller. Shown by appointment only.

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© 2025 Lincoln County Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Central Oregon Home Pros | KW. Data last updated: 2025-02-07T13:34:47.35.
www.buysellcentraloregon.com/homes/139376726
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242 W Olive Street Newport, OR 97365

  • Price: $579,000
  • Status: Active
  • On Site: 639 Days
  • Updated: 69 min ago
  • MLS #: 23-820
0
Beds
2
Baths
0
½ Baths
0.29
Acres
2,295
SQFT
$252
$/SQFT
1957
Built
Neighborhood:
Nob Hill Beach
County:
Lincoln
Area:
Newport/South Beach
Property Description
Commercial Building with ocean views. Located in a high traffic area of Newport. 2,295 square feet in total. The main level of the building includes a reception area, 4 offices, kitchen-break room and bathroom. On the upper level there is a reception area, 2 offices, kitchen/break room and a second bathroom. Each level is metered separately with a F/A gas furnace & heat pump with air-conditioning. Buyer to agree to mandatory leaseback for 48 months to Seller. Shown by appointment only.
Exterior Features

External Features Parking Spaces 12.00 Foundation Slab Frontage None Garage Type None Levels Two Outbuildings None Primary View Ocean Roof Metal Secondary View None Siding Concrete Composite Street Surface Paved

Interior Features

Alternate Heat None Cooling HVAC Cool Cooling Fuel Cool Natural Gas Flooring CarpetVinyl Heating GasHVAC Internal Features Microwave Internal Features Furnished No Internal Features Water Heater Electric Walls Paint

Property Features

3rd Party Approval No Association No Bank Lender Owned No Building Amps 200 Business Description Medical Business Equip FFIncl YN No Business List Avail YN No Business MDSESUPPINCYN No CCAnd Rs No Cross Street Nye Street Electric On Property Gas On Property General Info Building Type Commercial General Info Condition Good General Info Lease Information 1500 General Info Possession Leaseback 48 months Hwy101 West Side Lot Dimensions 83.3x100 Sellers Terms 1031CashConventionalSubmit Sewer City Short Sale No Tax Year 2024 Taxes 6118.56 Water City Zoning C-1 Commercial

© 2025 Lincoln County Multiple Listing Service, Inc. All rights reserved. Listing provided courtesy of Taylor & Taylor Realty Company: .


© 2025 Lincoln County Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Central Oregon Home Pros | KW. Data last updated: 2025-02-07T13:34:47.35.
 
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Central Oregon Home Pros | KW
155 SW 6th St
Redmond OR, 97756