102 Hall Ave - Restaurant FOR SALE


Coos Bay, OR 97420
$799,000 USD
541-252-0964
102 Hall Ave, Coos Bay, OR for Sale
$799,000 USD
Restaurant - FOR SALE
1/50
null | Request Cap Rate

102 Hall Ave
Coos Bay, OR 97420


HIGHLIGHTS

  • DIRECT HWY 101 FRONTAGE
  • GREAT NET INCOME
  • OWNER WILLING TO TRAIN
  • BUSSINESS AND BUILDING IS FOR SALE!

OVERVIEW

Amazing opportunity to own a thriving local business - THE BOAT Fish and Chips. Being featured on “America’s Best Restaurants!” Prime HIGHWAY 101 frontage in a high-traffic location, right next to the bay. Providing a traditional seafood menu to loyal customers while often frequented by tourists due to its unique history and excellent reputation. This is a great opportunity for someone looking to own a fun and successful restaurant business. Seating for over 80 guests, multiple Oregon Lottery machines on-site providing secondary income. Dedicated parking lot. Business, inventory, equipment, and buildings included. Everything from ground up is move-able construction, but owner would never leave this well known high-traffic spot! Land is leased at currently 5 year terms but could be negotiated longer with land owner. Again, every building, deck, room and surface above the pavement are owned by the seller and potentially moveable if new owner ever decided to relocate. Highway 101 is the Most Traveled road; not only in town, but on the Southern Oregon Coast. PRIME Highway 101 LOCATION for this business, and is just 3.5 blocks from the heart of downtown. Thriving business opportunity with a proven track record of success, generating multiple 6-figures in annual net income after paying a competitive owner salary. Financial details available upon request with a signed NDA. Motivated seller (owner is retiring) and is willing to stay and train under negotiable terms. OWNER MAY CARRY with $425K down. Looking for a business and a home? Seller may also be willing to consider selling it ALL - home and restaurant for the right price. Updated financials on hand, available upon signing an NDA. When was the last time you've seen an over 20% CAP rate on a thriving business for sale on the Oregon Coast???

FOR SALE DETAILS

PRICE

$799,000 USD

PRICE/SF

$571 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

27

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,295 SF

ZONING

I-C

APN/PARCEL ID

1006825400

ASK ABOUT THIS PROPERTY

Samantha OswaldNATIONAL REAL ESTATEMore Info
541-252-0964

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Samantha OswaldNATIONAL REAL ESTATEMore Info
541-252-0964

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.