A property in Newport that sold for $1.1 million tops the list of the most expensive commercial real estate sales in Lincoln County during the past week.
The county saw a total of five commercial property sales in the past week, averaging $394,060. The average price per square foot was $158.
The prices in the list below include commercial real estate sales where the title was recorded during the week of June 22 even if the property sold earlier.
1. $1.1 million, commercial property at 754 Southwest Coast Highway
A sale has been finalized for the general commercial property at 754 Southwest Coast Highway in Newport.
The price was $1.1 million. The house was built in 1947 and the living area totals 13,924 square feet. The price per square foot ended up at $79. Reinard Pollmann transferred ownership of the general commercial property to Cage Development LLC. The transaction was completed on June 12.
2. $400,000, commercial property at 640 Highway 101 N
A 5,712-square-foot general commercial property at 640 Highway 101 N in Yachats has been sold.
The total purchase price was $400,000, $70 per square foot. The home was built in 1948. Scott P. Gordon acquired the general commercial property. The deal was closed on June 15.
3. $250,000, commercial condo at 1815 Northwest Harbor Avenue, Apt. 103
The sale of the non-office use commercial condominium at 1815 Northwest Harbor Avenue, Apt. 103 in Lincoln City has been finalized.
The price was $250,000. The house was built in 1981 and has a living area of 546 square feet. The price per square foot ended up at $458. The home features one bedroom and one bathroom. Julio Ovalle bought the non-office use commercial condominium. The deal was finalized on June 17.
4. $210,000, commercial condo at 1000 Southeast Bay Boulevard, Unit P-9
A 1,167-square-foot non-office use commercial condominium at 1000 Southeast Bay Boulevard, Unit P-9 in Newport has been sold.
The total purchase price was $210,000, $180 per square foot. The house was built in 1978. The home features two bedrooms and two bathrooms. Gregory Scott Lyons acquired the non-office use commercial condominium from James Young and Joyce Young. The deal was finalized on June 16.
5. $10,300, commercial property at 3820 Northeast Highway 101
The general commercial property at 3820 Northeast Highway 101 in Lincoln City has new owners.
The price was $10,300. The house was built in 2015 and has a living area of 2,123 square feet. The price per square foot ended up at $5. Department Of Transportation took over the general commercial property. The transaction was completed on June 17.
