Great two-story commercial building in the heart of Newport with excellent visibility off Hwy 101 and yearly GROSS INCOME OF $42,000. This large building features 3 separate bottom floor units which are currently being operated as a Mexican Store, meat market & retail store. The second story features 4 rentable business spaces with 2 currently being utilized as a yoga studio and a meeting room. There's a huge opportunity to increase total income by renting out several other spaces that aren't being utilized and with C-1 zoning, it allows for a wide range of usages. This centrally located building is close to the hospital, the Bayfront, restaurants, shopping, the ocean and much more! Buyers to perform all due diligence and verify all planned usages with the City. DO NOT DISTURB THE TENANTS.
Listing Provided Courtesy of Lucinda Hage, Coldwell Banker Professional
General Information
106917442
Commercial
97
DOM
4791.6 SqFt
8344
1962
C-1
Lincoln
R49830
CommercialSale
Commercial
PROPERTY ID R49830 BAYLEY AND CASES SECOND ADDN., BLOCK 54, LOT 5
Listing Provided Courtesy of Lucinda Hage, Coldwell Banker Professional
Krishna Realty data last checked: Jun 08, 2025 15:16 | Listing last modified Apr 28, 2025 12:47,
Source:
Great two-story commercial building in the heart of Newport with excellent visibility off Hwy 101 and yearly GROSS INCOME OF $42,000. This large building features 3 separate bottom floor units which are currently being operated as a Mexican Store, meat market & retail store. The second story features 4 rentable business spaces with 2 currently being utilized as a yoga studio and a meeting room. There's a huge opportunity to increase total income by renting out several other spaces that aren't being utilized and with C-1 zoning, it allows for a wide range of usages. This centrally located building is close to the hospital, the Bayfront, restaurants, shopping, the ocean and much more! Buyers to perform all due diligence and verify all planned usages with the City. DO NOT DISTURB THE TENANTS.
