538 SW Coast Hwy Newport, OR 97365
Estimated payment $4,919/month
Total Views
9,951
0.45
Acre
$1,775,556
Price per Acre
19,602
Sq Ft Lot
About This Lot
Commercially zoned property with prime location and high traffic area along highway 101. Commercial zoning allows for many outright uses. This property has approximately 80 feet of highway frontage. Possible ocean views from 2nd story building. Located near an abundance of amenities including restaurants, site-seeing, entertainment, and access to miles of sandy beaches. Billboard sign on property is leased and is generating monthly income. Property had previous motel building removed and small basement filled in during removal.
Property Details
Property Type
- Land
Est. Annual Taxes
- $7,182
Lot Details
- 0.45 Acre Lot
- Property fronts a highway
- Level Lot
- Property is zoned C-1 Commercial
Property Views
- Ocean Views
Utilities
- Gas Available at Street
- Septic System
Listing and Financial Details
- Tax Lot 8500
- Assessor Parcel Number 111108BC-8500-00
Community Details
Overview
- Bayley And Case's Subdivision
Recreation
- Electricity Available at Street
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $7,404 | $410,350 | -- | -- |
| 2023 | $7,230 | $398,400 | $0 | $0 |
| 2022 | $7,007 | $386,800 | $0 | $0 |
| 2021 | $6,886 | $375,540 | $0 | $0 |
| 2020 | $6,723 | $364,610 | $0 | $0 |
| 2019 | $6,628 | $364,610 | $0 | $0 |
| 2018 | $6,608 | $364,150 | $0 | $0 |
| 2017 | $6,734 | $363,520 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/12/2025 04/12/25 | Price Changed | $799,000 | -5.2% | -- |
| 04/15/2024 04/15/24 | For Sale | $842,886 | -- | -- |
Source: Lincoln County Board of REALTORS® MLS (OR)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $1,135,000 | First American Title Ins Co |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $933,000 | Commercial | |
| Previous Owner | $811,000 | Commercial |
Source: Public Records
Source: Lincoln County Board of REALTORS® MLS (OR)
MLS Number: 24-743
APN: R378078
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