Archway Place, Nye Beach, Newport

$1,500,000

325 NW Coast St
Newport, OR 97365

Property Overview

Amazing Investment opportunity in the trendy coastal neighborhood of Nye Beach in Newport, OR! Archway Place is a 5,250 SF retail property w/ 8 parcels – divided into 4 suites. Absolute NNN and 100% occupied – all are multi-year w/ renewal options. 2022 CAP was 5.63%. 2023 – 5.83% w/ a 5-year AVG of 6.1%. Built in 2008, Archway Place is exceptionally well maintained. Onsite parking lot. Residential condos above the retail spaces not part of the sale. Seller will consider carrying.

Facts and Features

Lot Size: 0.12 acres
Building Size: 5,250 SF
Zoning: Commercial (C-2)