List Search

515 NW Coast St
Newport, OR 97365

$108,011 USD/MO

Restaurant For Lease  •  4,180 SF

Property Details

  • Property Type Restaurant
  • Year Built 1974
  • Total Building Size 4,180 SF
  • Tenancy Multiple
  • Building Class C
  • Zoning C-2
30 Transit Score
60 Walk Score

1 Space Available

Name Space Use Size Rent Details
1st Floor Ste Retail 4,180 SF $310.08 USD/SF/YR 
Ocean views, beach access nearby, high daytime traffic, plenty of dedicated parking, equipment included.

  • Date available: Now
  • Lease term: Negotiable
  • Service type: Triple Net
  • Built out as: Restaurants And Cafes
  • Space Type: Relet

Description 

Prime commercial lease opportunity in the heart of Newport's Nye Beach District. Formerly a restaurant and taphouse, this fully built-out commercial space offers an exceptional opportunity for a new tenant to bring their own concept to a popular destination. While the previous business is no longer in operation, many of the existing improvements remain in place, making the space well suited for a restaurant, brewery, taproom, café, or other approved commercial use. Offered as a Triple Net (NNN) lease with an introductory rental schedule of $5,000 per month for months 1-3, $7,500 per month for months 4-6, and $9,000 per month beginning in month 7. Surrounded by established businesses, lodging, beach access, and year-round visitor traffic, this is an outstanding opportunity to establish your business in the vibrant Nye Beach District.

Highlights

High daytime foot traffic
Ocean views
Beach access nearby
Plenty of parking

Amenities

  • Corner Lot
  • Restaurant

Major Tenants

Tenant SF Occupied Lease End Date
Taphouse at Nye Creek

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 10
Type: Surface
Included in Rent: Yes
Dennis Regen 541-992-2177 Taylor & Taylor Realty Co.
Dennis Regen 541-992-2177 Taylor & Taylor Realty Co.