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515 NW Coast St

4,180 SF 100% Leased Retail Building Newport, OR 97365 £1,723,055 (£412/SF)

Executive Summary

Welcome to The Taphouse at Nye Creek - where history meets hospitality! This exceptional property boasts a full restaurant and bar service, making it a go-to destination in the historic Nye District. Perfectly situated as a popular tourist and local attraction, it offers the convenience of being close to beach access while providing ocean views from outdoor seating. As you approach, you'll be pleased to find ample dedicated parking, including a separate lot, ensuring convenience for both patrons and staff. The Taphouse features a remarkable 30 beer taps, catering to beer enthusiasts and connoisseurs alike. Adding to the culinary experience is a state-of-the-art brick pizza oven and a class 1 hood system that sets the stage for a diverse and flavorful menu. Inside, the ambiance is enhanced by the impressive 25-foot ceilings, creating a spacious and inviting atmosphere. The establishment is equipped with a sprinkler system for safety, ensuring a secure environment for all. The entire space is thoughtfully designed to be all one-level, providing accessibility for everyone, complemented by two ADA restrooms. With a dedicated team of 25-30 employees, The Taphouse prides itself on delivering exceptional service. The oversized dining room is a focal point, featuring numerous TVs for entertainment and a vibrant social experience. Whether you're here for a casual meal, a celebration, or to catch the big game, the Taphouse offers a warm and welcoming setting for all occasions. Two Commercial storefronts and parking lot are also listed separately. Or, purchase all of the property.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,180 SF
Year Built
1974
Price
£1,723,055
Price Per SF
£412
Percent Leased
100%
Number of Floors
1
Building FAR
0.29
Land Acres
0.33 AC
Zoning
C-2
Walk Score ®
Very Walkable (82)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Grocery Outlet
Umpqua Bank
Bank of Montreal
Bank of America
Starbucks
Arctic Circle
WaFd Bank
the Human Bean
Dutch Bros
CrossFit

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R262880
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£139,752
  • Listing ID: 30670659

  • Date on Market: 16/01/2024

  • Last Updated:

  • Address: 515 NW Coast St, Newport, OR 97365

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