580 W HIGHWAY 20Toledo, OR97391

$197,000
2457 sq. ft
SqFt20000toAcres1
Zoning: Comm
214 days on market

VestorFilter™

Price per ft²$80.18/ft²
Recent price drop$2,000
Price per acre$317.7K/ac
Time on market214 days

Property Description

SALE, LEASE or LEASE OPTIONS available. Great development opportunity located only six miles from Newport on the Oregon Coat. Two parcels totaling .64 acre with Hwy frontage. Current building was a long term restaurant, some stainless and walk-in in place. a 2 bedroom apartment on top. Buyer would have the opportunity to add to the developed ground by leveling additional SF on the back side of the building. Owner may carry a small 2nd for the buyer. Buyer to complete their own due diligence relating to approved uses with the City. Also, prelim plans for an 18 unit 2+2 available.

{{ compliance-logo }}Listing Provided By Taylor & Taylor Realty Co.

Financial Data

Price ChangeDropped $2,000 on 11/29/2023
Total $2,000 drop
Original Price$199,000
Current Price$197,000
Property Taxes$3,460

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Home Facts

StatusActive
Year Built1949
Stories2
Garage
MLS ID23566866