404 Garibaldi (Hwy 101) - Retail FOR SALE


Garibaldi, OR 97118
$575,000 USD
503-812-8423
404 Garibaldi (Hwy 101), Garibaldi, OR for Sale
$575,000 USD
Retail - FOR SALE
1/35
null | Request Cap Rate

404 Garibaldi (Hwy 101)
Garibaldi, OR 97118


OVERVIEW

Discover this unique opportunity to own a eye-catching, artistically and thoughtfully designed, expanded and updated mixed-use property along the North Oregon Coast in the heart of Downtown Garibaldi (Oregon's Authentic Fishing Village) on Hwy 101. Currently the Fish With Lips Wine Bar & Gallery/Retail Operation, has become a destination regularly attracting customers from CA, ID & WA to experience the quality of the wine list (a patron's quote, So appreciate a wine bar that KNOWS Great Wine!), fanciful art, retail, delicious food & fun loving, entertaining environment! Its been a tough decision for sellers, yet selling this most wonderful asset due to competing artistic & culinary options. This versatile property is ideally located near the bay, boat basin, restaurants, & many of the area's most popular attractions; boating/kayaking, fishing, hiking, breathtaking views & beyond. Adding to the Property's appeal is the the rear garden fenced short term rental (STR) w/ transferable license. This location is one of the few Garibaldi locations eligible for STR. This affords buyers the opportunity to continue as a STR in the separate one-bedroom unit, or utilize as owner's quarters, guest accommodations, or an add'l long-term rental opportunity. Whether you're looking to continue the current Wine Bar, Food Delights and Gallery/Retil concept, create your own vision, or develop a flexible coastal investment, this property offers a rare combination of location, versatility, & income-producing potential. Seller may consider financing under attractive terms w/ a substantial down payment. The adjacent 3rd Street City Parking lot and on-street parking works well for customers. ODOT estimates daily traffic counts of over 8,000. Participate in the Garibaldi Business Assn for connecting to other business owners for support, marketing collars and events for community building and tourism attraction in partnership with Visit Tillamook Coast. Call for an appt!

FOR SALE DETAILS

PRICE

$575,000 USD

PRICE/SF

$386 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1918

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

GB-D1

APN/PARCEL ID

R0005434

ASK ABOUT THIS PROPERTY

Valerie SchumannBerkshire Hathaway HomeServices NorthwestMore Info
503-812-8423

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

Valerie SchumannBerkshire Hathaway HomeServices NorthwestMore Info
503-812-8423

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