729 NE 3rd St - Restaurant FOR SALE


Mcminnville, OR 97128
$1,995,000 USD
503-538-8311
729 NE 3rd St, Mcminnville, OR for Sale
$1,995,000 USD
Restaurant - FOR SALE
1/22
null | Request Cap Rate

729 NE 3rd St
Mcminnville, OR 97128


HIGHLIGHTS

  • Established Clientele Base
  • Commercial Building with Residential Quarters
  • Extremely Walkable Downtown

OVERVIEW

Opportunity awaits in quaint McMinnville, Oregon, the heart of Willamette Valley wine country. A classic french bistro with established local clientele, and state-wide reach sits on McMinnville's coveted Third Street, spearheading the Downtown's popular food and beverage scene. Open five days a week, the Bistro is largely reservation-only due to high demand and consistent repeat clientele. The Willamette Valley's growing tourism industry provides a healthy boost of out-of-state visitors, eager to explore local wineries and fine-dine. The 4,600 SF. building offers space for 45 indoor guests, an additional 50 outdoor guests, and a large private hall upstairs. The kitchen boasts high-end appliances throughout, multiple prep areas, a walk-in refrigerator and freezer, a coffee station, and ample storage. You will also enjoy a 700-bottle, temperature-controlled wine room, a large office, more exterior storage, and abundant employee/owner parking. A residential living space attached to the restaurant also offers three spacious bedrooms, an updated full bathroom, and a living area. This is ideal for an owner-operator. Please contact Zach Bernards for more information regarding included inventory, assets, and financials (with proper vetting).

FOR SALE DETAILS

PRICE

$1,995,000 USD

PRICE/SF

$499 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1925

SPRINKLERS

-

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

C3

APN/PARCEL ID

162175

ASK ABOUT THIS PROPERTY

Zach BernardsWILLCUTS COMPANY REAL ESTATEMore Info
503-538-8311

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

Zach BernardsWILLCUTS COMPANY REAL ESTATEMore Info
503-538-8311

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