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1005 SE Bay Blvd

1.72 Acres of Commercial Land Offered at £1,173,675 in Newport, OR 97365

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Investment Highlights

Plat approved for 11 duplex lots, 22 townhomes
Zoned R2
Breathtaking views of Yaquina Bay, bay bridge, and the ocean

Condo Project possible
1.72 acres prime for development, across from the Embarcadero Resort and Marina
Water, sewer, power at street and sidewalks already in front of property

Executive Summary

Attention all builders: we are now accepting reservations for shovel-ready duplex lots starting at $300,000. This newly established neighborhood is zoned R2 and will consist of 11 brand new townhome style duplexes, offering spectacular views and exceptional access to Newport's Bayfront District. Seize the opportunity to showcase your quality in this uniquely remarkable development. Situated directly across from the Embarcadero Resort and Marina, the site boasts stunning views of the Bay Bridge and the ocean. Essential utilities, including water, sewer, and power, will be provided to each lot prior to sale, making this a premium development opportunity. Residents will have easy access to popular attractions such as the Oregon Coast Aquarium, Hatfield Marine Science Center, lighthouses, golf courses, and the diverse offerings of the Oregon Coast. This prime location presents an excellent investment opportunity—act now!

BROCHURE_1005 Bay Blvd Newport, OR_1.29.24

Sewer Map

R2 Zoning Uses

Newport_Comprehensive_Plan_Map

Water Map

Approved Plat Map

Property Facts

Price	£1,173,675	Property Subtype	Commercial
Sale Type	Investment or Owner User	Proposed Use	Commercial Multifamily Apartment Units Apartment Units - Condo Hold For Development Hold For Investment Single Family Development Single Family Residence
No. Lots	1	Total Lot Size	1.72 AC
Property Type	Land

Price	£1,173,675
Sale Type	Investment or Owner User
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Commercial Multifamily Apartment Units Apartment Units - Condo Hold For Development Hold For Investment Single Family Development Single Family Residence
Total Lot Size	1.72 AC

1 Lot Available

Lot

Price	£1,173,675	Lot Size	1.72 AC
Price Per AC	£682,369

Price	£1,173,675
Price Per AC	£682,369
Lot Size	1.72 AC

1.72 acres prime for development, across from the Embarcadero Resort and Marina. Plat approved for 11 duplex lots! Then divide each for a total of 22 townhomes. Zoned R2, so could be a condo or timeshare project too!

Description

Calling all builders and developers! Plat approved for 11 duplex lots! Then divide each for a total of 22 townhomes. Zoned R2, so could be a condo project too! 1.72 acres prime for development, across from the Embarcadero Resort and Marina. Breathtaking views of Yaquina Bay, bay bridge, and the ocean. Water, sewer, power at street and sidewalks already in front of property. The location offers stunning water views amidst restaurants, shopping, galleries, and numerous other tourist attractions in Newport’s Bayfront District. Additionally, it is near the popular attractions like Oregon Coast Aquarium, Hatfield Marine Science Center, lighthouses, golf courses, and the central Oregon coast. Don’t miss your chance to invest in this premium property!

PROPERTY TAXES

Parcel Number	R132556	Improvements Assessment	£0
Land Assessment	£183,508	Total Assessment	£183,508

PROPERTY TAXES

Parcel Number

R132556

Land Assessment

£183,508

Improvements Assessment

£0

Total Assessment

£183,508

zoning

Zoning Code	R2 (R-2 Medium Density Single-family Residential. Permitted Uses: Single-Family Dwellings, Two-Family Dwelllings, Mobile Home Parks, Condominiums & more.)
R2 (R-2 Medium Density Single-family Residential. Permitted Uses: Single-Family Dwellings, Two-Family Dwelllings, Mobile Home Parks, Condominiums & more.)