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1005 SE Bay Blvd 1.72 Acres of Commercial Land Offered at $2,065,170 CAD 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

Creative financing possible! Calling all builders and developers! This prime 1.72-acre property, zoned R2, is plat approved for 11 duplex lots, allowing for a total of 22 townhomes. Located across from the Embarcadero Resort and Marina, it features breathtaking Bay Bridge & Ocean Views. With water, sewer, and power at the street; this premium development opportunity is ready for your summer build. Enjoy popular attractions like Oregon Coast Aquarium, Hatfield Marine Science Center, lighthouses, golf courses, and the central Oregon coast in this Newport's Bayfront District. Prime location justifies a condo or timeshare development too. Invest 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	$2,065,170 CAD	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
Zoning	R2 - R-2 Medium Density Single-family Residential. Permitted Uses: Single-Family Dwellings, Two-Family Dwelllings, Mobile Home Parks, Condominiums & more.

Price	$2,065,170 CAD
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
Zoning	R2 - R-2 Medium Density Single-family Residential. Permitted Uses: Single-Family Dwellings, Two-Family Dwelllings, Mobile Home Parks, Condominiums & more.

1 LOT AVAILABLE

Lot

Price	$2,065,170 CAD	Lot Size	1.72 AC
Price Per AC	$1,200,680.26 CAD

Price	$2,065,170 CAD
Price Per AC	$1,200,680.26 CAD
Lot Size	1.72 AC

Prime 1.72-acre property, zoned R2, is plat approved for 11 duplex lots, allowing for a total of 22 townhomes. Water, sewer, and power at the street. Prime location justifies a condo or timeshare development too. Invest now!