About This Home

This 0-bedroom, 2-bathroom commercial at 242 W Olive Street in Newport, OR is listed for $579,000 ($252 per sqft). Built in 1957, the home offers 2,295 sqft of living space on a 0.29 acres lot.

Key Features

  • Built in 1957
  • 0.29 acre lot
  • 2 stories
  • 12 parking spaces

Property Details

2 stories
2 full
12 spaces
1957

Amenities

A/C
Listing Description

Commercial Building with ocean views. Located in a high traffic area of Newport. 2,295 square feet in total. The main level of the building includes a reception area, 4 offices, kitchen-break room and bathroom. On the upper level there is a reception area, 2 offices, kitchen/break room and a second bathroom. Each level is metered separately with a F/A gas furnace & heat pump with air-conditioning. Buyer to agree to mandatory leaseback for 48 months to Seller. Shown by appointment only.

Monthly Cost Estimate

$3,097/mo

20% down · 6.5% · 30 years

Principal$419
Interest$2,509
Insurance$169

Estimates only. Actual payments may vary.

Location

242 W Olive Street

Newport, OR 97365

Nob Hill Beach

Property Details

Flooring

VinylCarpet

Construction

Concrete

Heating

Natural GasCentral

Cooling

Central AirGas (Cooling)

Appliances

MicrowaveWater HeaterMicrowaveWater Heater

Questions & Answers

This 0-bedroom, 2-bathroom commercial at 242 W Olive Street is listed at $579,000 ($252/sqft). The estimated monthly payment is $3,097 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1957, 0.29 acre lot, 2 stories, 12 parking spaces.

This property is listed by Dennis M Regen.

DR

Dennis M Regen

License 810604051

Agent at Taylor and Taylor Realty Co.

Listed by Taylor and Taylor Realty Co. · Broker phone: (541) 994-9111 · Broker website

MLS# LC-98676· Source: Oregon Coast MLS· 1269 days on PropertySimple

Copyright © 2026 Oregon Coast MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

242 W Olive Street, Newport, OR 97365

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