754 SW COAST HWY, Newport, OR 97365

Comments for 754 SW COAST HWY, Newport, OR 97365

Newport Bay Motel â?? Ocean Views | 37 Units | Excellent Location | CASH ONLYIncredible investment opportunity on the central Oregon Coast. The Newport Bay Motel occupies a full city block in a highly visible, high-traffic area of Newport. This 37-unit property includes 12 standard motel rooms and 4 larger motel rooms. There are 8 apartment-style units with full kitchens and one or two bedrooms, located on the south sideâ??s first and second floorsâ??some offering peek-a-boo ocean views. Additionally, the ground level features 12 spacious apartment units, each with a full kitchen, large living room, bathroom, and bedroom. Some of these units have already been renovated, while others are mid-renovation. On the north side, there is a large two-bedroom unit with an attached garage. Seven individual garages sit beneath the southside apartments along Case Street.The location is truly exceptional. This property is bordered by Hwy 101 (Coast Highway), Case Street, 7th Street, and Abbey Street. Dutch Bros Coffee is next door, the brand-new hospital is directly across the street, and the beach and ocean are just a few blocks away. The elevated position of the building provides select units with ocean views and coastal breezes, making this a desirable place to stay or invest.This is a distressed receivership sale and will be accepting cash offers only. Financed offers will not be considered. No financial documents are availableâ??there is no rent roll, P&L, lease agreements, or deposit records. Interior access is not available until an offer has been accepted. This is an as-is sale, and buyers are urged to conduct exterior drive-bys only. Do not disturb tenants under any circumstances.Opportunities like this are rareâ??own an entire block in one of the Oregon Coastâ??s most sought-after towns, just steps from the beach and key local amenities. With vision and capital, this property has outstanding redevelopment or income potential.