4805 Netarts Hwy W - Restaurant FOR SALE


Tillamook, OR 97141
$2,180,000 USD
503-842-9090
4805 Netarts Hwy W, Tillamook, OR for Sale
$2,180,000 USD
Restaurant - FOR SALE
1/41
null | 9.17% Cap Rate

4805 Netarts Hwy W
Tillamook, OR 97141


HIGHLIGHTS

  • Landmark restaurant at the beach.
  • High performing lottery machines.
  • Sale includes rental home on same property.

OVERVIEW

UPSTAIRS BAR AND GRILL + ADDITIONAL RENTAL HOME. Turnkey bar/restaurant on Hwy 131 in Netarts—real property included! The Upstairs Bar & Grill is a landmark business with decades of proven success, known for its loyal local following and heavy tourist traffic. Extensively remodeled and in excellent condition, the property features a full-service kitchen, six high-performing Oregon Lottery machines, and a spacious covered deck overlooking Netarts Bay. Includes adjacent 1BD/1BA rental unit for added income or on-site housing. The level 0.5-acre lot offers ample parking and a fenced outdoor area for games and events. One of only two bars in town, this is a rare opportunity to own a high-demand coastal business. Strong financials with 9%+ projected cap rate. Sale includes FF&E, most inventory, and business name. Possible seller financing.

FOR SALE DETAILS

PRICE

$2,180,000 USD

PRICE/SF

$589 USD /SF

CAP RATE

9.17%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Upstairs Bar Grill

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1946

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,780 SF

ZONING

C-1

APN/PARCEL ID

182091,R0182091,Tax map# 2S-10-05-BD-01400

ASK ABOUT THIS PROPERTY

Dustin TrostRob Trost Real EstateMore Info
503-842-9090

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Dustin TrostRob Trost Real EstateMore Info
503-842-9090

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