5262 Yaquina Bay Rd - Marinas FOR SALE


Newport, OR 97365
$2,880,000 USD
541-992-2177
5262 Yaquina Bay Rd, Newport, OR for Sale
$2,880,000 USD
Marinas - FOR SALE
1/42
null | Request Cap Rate

5262 Yaquina Bay Rd
Newport, OR 97365


HIGHLIGHTS

  • Large acreage, three large buildings, two boat pullouts, open space.

OVERVIEW

A local landmark situated at Oneatta Point on Yaquina Bay. The site has been a sawmill, a boat building and repair yard, a marina, a campground, and a mobile home park. The property's current use includes a live seafood holding and transshipment, aquaculture development, and construction contractor's shop, warehouse, and laydown yard. The property has two boat pullouts to allow for haul out as well as 230 and 480-volt electricity is supplied by a public utility. Potable water is supplied from a well that produces 60 gallons per minute. Wastewater effluent is discharged to a drain field. The entire property is zoned MP ''planned marine'' and lies outside of the urban growth boundary. The site lies within a development zone in a development estuary. There are four site-built structures: a 10,000 sq. ft. main shop/office/work bay; a 7000 sq. ft. building currently housing a seafood business; a 4000 sq. ft. tall work bay with aggregate floor; a 400 sq. ft. rest room and shower of masonry construction. All building square footage is approximate. The entire site is within an "Enterprise Zone." The zoning allows one residence for a "caretaker" of the underlying marine use.

FOR SALE DETAILS

PRICE

$2,880,000 USD

PRICE/SF

$135 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Marinas

ADD'L SUBTYPES

Shipyard

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1800

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

13.03 AC

LAND SF

567,587 SF

ZONING

MP

APN/PARCEL ID

R108513,R110910,R113212,R115570

ASK ABOUT THIS PROPERTY

Dennis RegenTaylor & Taylor Realty Co.More Info
541-992-2177

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Dennis RegenTaylor & Taylor Realty Co.More Info
541-992-2177

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