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426 NW ,501, 515 Coast St, Newport, OR 97365

$2,375,000

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Property Description

Brand new PVC membrane roofs are being installed, and the former restaurant and taphouse is undergoing a full professional deep cleaning! The price has been slashed, and the seller is motivated; bring an offer! Prime commercial investment opportunity in the Nye District. A former restaurant and bar, this property is fully equipped and is ready for its next chapter, offering an incredible investment opportunity. The sale includes all existing furnishings, fixtures, and equipment, making it a turnkey space for a new concept. Located in a high-foot-traffic area near beach access, this property benefits from a steady flow of locals and tourists alike. In addition to the restaurant/bar space, the sale includes an additional parking lot and two commercial storefronts. Both storefronts are currently leased, providing immediate rental income. The sale for the storefronts is for the real estate only, not the existing businesses. Take advantage of this opportunity today!

426 NW ,501, 515 Coast St | MLS# 766799633

This commercial property located at 426 NW ,501, 515 Coast St, Newport, OR 97365 is currently listed for sale with an asking price of $2,375,000. Search Newport real estate on www.williamraven.realtor today.

Property Features

Property Type: Commercial - Business
Cooling: None
Fuel Type: Electricity, Gas
Heating: Forced Air
Lot Size: 0.69 Acres
Roof Type: Built-Up
Stories: 1.0
Taxes: $12,329
Year Built: 1974
Square Feet: 6,505

Feature Descriptions

Amp-Volt: 200 (Amps)
Business Name: TapHouse at Nye Creek (former)
Days on Site: 385
Gross Income: $80000.00 (Actual)
Inventory Included: 1
Loading Information: NoLoadingFacilities
Miscellaneous Features: Sign
Operating Expenses: $9694.00 (Actual)
Parking Notes: OffSite, OnSite
Present Use: FoodService, Retail, Tavern
Road Surface: Paved
Sewer: Public Sewer
Special View Info: Ocean
Truck Door: None
Water: Public Water

Listed By / Shown By

Listed By

Agency Name: Taylor & Taylor Realty Co.
Agency Contact: 541-994-9111

Shown By

Agent Name: William Raven Broker
Agent Phone: (541) 280-9701
Agency Title: Bend Premier Real Estate

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 03/03/2026. The listing information on this page last changed on 03/03/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Tue 03/03/2026 12:04:50 AM EST) or RMLS (last updated Mon 03/02/2026 11:58:17 PM EST) or COAR/MLSCO (last updated Tue 03/03/2026 12:01:16 AM EST). Real estate listings held by brokerage firms other than Bend Premier Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by other brokerage firms are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2026 RMLS, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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