215 NW 15th St - Flex FOR SALE


Newport, OR 97365
$1,750,000 USD
818-657-6539
215 NW 15th St, Newport, OR for Sale
$1,750,000 USD
Flex - FOR SALE
1/9
null | Request Cap Rate

215 NW 15th St
Newport, OR 97365


HIGHLIGHTS

  • Multi-use facility spanning 11,232 SF on a 1.71-acre lot with adaptable interior configuration.
  • Strategic location steps from Highway 101, ensuring exposure to consistent traffic flows.
  • Zoning supports retail, office lofts, daycare, creative workspaces, or live/work arrangements.
  • Two-story structure built in 1977 featuring carpet, tile, and laminate flooring.
  • Security system installed with chain-link fencing; accessible approach with ramp included.
  • Situated in a vibrant coastal market with diverse business activity and sustained growth trends.

OVERVIEW

This two-story commercial property in Newport, Oregon, offers a rare opportunity to acquire 11,232 square feet of flexible space on a generous 1.71-acre parcel. Positioned just off Highway 101, the property enjoys exceptional visibility and accessibility in a growing coastal hub. Zoned C-3 Highway Commercial, this building allows for multiple uses including retail outlets, daycare operations, professional offices, or a live/work configuration. Constructed with a blend of HardiPlank and aluminum siding and topped with a composition roof, the building features six bathrooms, diverse flooring finishes, and an accessible approach with a ramp. Ample site area offers potential for additional enhancements or parking accommodation. The property includes fencing and basic security provisions. For forward-thinking investors or owner-users, this asset represents long-term versatility and continued demand within Lincoln County’s active commercial corridor.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$156 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Flex

ADD'L SUBTYPES

Day Care Center, Loft/Creative Space, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1977

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.71

LAND SF

74,488

ZONING

C-3 Heavy use

APN/PARCEL ID

11-11-05-BD-00300-00,11-11-05-BD-00400-00,11-11-05-BD-00401-00,11-11-05-BD-00500-00

ASK ABOUT THIS PROPERTY

Lee BlackCorporate Real Estate Advisors | KW CommercialMore Info
818-657-6539

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Lee BlackCorporate Real Estate Advisors | KW CommercialMore Info
818-657-6539

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