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Listed by Pacific Coast Real Estate & Development, LLC • 541-217-7710
$1,795,000
Est. payment /mo
13,924 SqFt
New
754 SW COAST HWY Newport, OR 97365
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Key Details
Property Type Commercial
Sub Type Hotel Motel
Listing Status Active
Purchase Type For Sale
Square Footage 13,924 sqft
Price per Sqft $128
MLS Listing ID 797570038
Year Built 1947
Annual Tax Amount $20,753
Tax Year 2024
Lot Size 0.760 Acres
Property Sub-Type Hotel Motel
Property Description
Newport Bay Motel – Ocean Views | 37 Units | Excellent Location | CASH ONLYIncredible investment opportunity on the central Oregon Coast. The Newport Bay Motel occupies a full city block in a highly visible, high-traffic area of Newport. This 37-unit property includes 12 standard motel rooms and 4 larger motel rooms. There are 8 apartment-style units with full kitchens and one or two bedrooms, located on the south side's first and second floors—some offering peek-a-boo ocean views. Additionally, the ground level features 12 spacious apartment units, each with a full kitchen, large living room, bathroom, and bedroom. Some of these units have already been renovated, while others are mid-renovation. On the north side, there is a large two-bedroom unit with an attached garage. Seven individual garages sit beneath the southside apartments along Case Street.The location is truly exceptional. This property is bordered by Hwy 101 (Coast Highway), Case Street, 7th Street, and Abbey Street. Dutch Bros Coffee is next door, the brand-new hospital is directly across the street, and the beach and ocean are just a few blocks away. The elevated position of the building provides select units with ocean views and coastal breezes, making this a desirable place to stay or invest.This is a distressed receivership sale and will be accepting cash offers only. Financed offers will not be considered. No financial documents are available—there is no rent roll, P&L, lease agreements, or deposit records. Interior access is not available until an offer has been accepted. This is an as-is sale, and buyers are urged to conduct exterior drive-bys only. Do not disturb tenants under any circumstances.Opportunities like this are rare—own an entire block in one of the Oregon Coast's most sought-after towns, just steps from the beach and key local amenities. With vision and capital, this property has outstanding redevelopment or income potential.
Location
State OR
County Lincoln
Area _200
Zoning C
Interior
Heating Wall Heater, Zoned
Cooling Other
Equipment Furniture
Exterior
View City, Ocean
Roof Type Composition,Membrane
Garage No
Building
Story 2
Sewer Public Sewer
Water Public Water
Level or Stories 2
Others
Acceptable Financing Cash
Listing Terms Cash
