1006 SW Coast Hwy - Restaurant FOR SALE


Newport, OR 97365
$1,350,000 USD
503-807-6249
1006 SW Coast Hwy, Newport, OR for Sale
$1,350,000 USD
Restaurant - FOR SALE
1/10
null | Request Cap Rate

1006 SW Coast Hwy
Newport, OR 97365


HIGHLIGHTS

  • HEAVY DAYTIME TRAFFIC
  • LOTS OF NATURAL LIGHT
  • TOURISM TRAFFIC

OVERVIEW

Located on the scenic and high-traffic SW Coast Highway in Newport, Oregon. This fully operational and locally loved dining establishment is perfectly positioned in one of the most visited towns along the Central Oregon Coast — making it an exceptional investment opportunity. Key Highlights: Prime Coastal Location: Situated just minutes from top local attractions like Nye Beach, Yaquina Head Lighthouse, the Oregon Coast Aquarium, and the historic Bayfront, this restaurant benefits from a steady influx of tourists year-round. The region sees a dramatic increase in visitor numbers during spring, summer, and holiday seasons, providing strong seasonal revenue peaks. Strong Tourist Economy: Newport is a major tourism hub, drawing more than 2 million visitors annually. The town is a go-to destination for whale watching, marine science education, deep sea fishing, and beach vacations. These travelers frequently seek out unique, flavorful dining experiences — especially authentic international cuisines — making this restaurant a natural fit for the area’s adventurous and diverse palates. Established Clientele: While tourism fuels much of the restaurant’s foot traffic, it also enjoys a loyal local customer base that includes working professionals, young families, and retirees who reside in Newport year-round. Fully Equipped & Operational: The sale includes a complete kitchen setup, dining area, POS system, and all necessary furnishings and equipment. With experienced staff and streamlined operations already in place, a new owner can walk in and begin generating income immediately. Flexible Growth Potential: Opportunities for expansion include extended summer hours, coastal delivery services, and catering for local events and festivals. The area’s popularity for destination weddings and seasonal gatherings adds an extra layer of potential for private dining or event partnerships. Demographic Snapshot: Newport has a population of over 10,000 but swells significantly during peak travel months. The median household income exceeds $57,000, and the city supports a strong hospitality sector with numerous hotels, RV parks, and vacation rentals that funnel guests into local restaurants. Why This Opportunity Stands Out: With its high-visibility highway location, proximity to Oregon’s most iconic coastal attractions, and reputation for flavorful, memorable cuisine, this restaurant is uniquely positioned to benefit from Newport’s booming tourism market. It’s a rare chance to own a culturally rich dining business in a town where demand from both locals and travelers is consistent and growing. Serious inquiries only. Financials available upon request to qualified buyers.

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$482 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

FORMER KUM YON RESTAURANT

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1973

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,194 SF

ZONING

C-1

APN/PARCEL ID

R35378

ASK ABOUT THIS PROPERTY

Ishaan JohalTaste of India ONEMore Info
503-807-6249

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Ishaan JohalTaste of India ONEMore Info
503-807-6249

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.