798 Ocean Shores Blvd NW - Bar FOR SALE


Ocean Shores, WA 98569
$995,000 USD
360-789-5114
798 Ocean Shores Blvd NW, Ocean Shores, WA for Sale
$995,000 USD
Bar - FOR SALE
1/28
null | Request Cap Rate

798 Ocean Shores Blvd NW
Ocean Shores, WA 98569


HIGHLIGHTS

  • Across street from hotels. Walk to convention center, events, shops & ocean. Major renovation. Apartment is vacant and would produce added income.

OVERVIEW

Improved pricing with potential owner terms to qualified buyer. Great opportunity for owner/operator. Popular pub in great location across from hotels in Ocean Shores. Current owner has completely updated interior to create a more upscale and clean feel. This is reflected in its growing income. Corner location provides excellent exposure. 2,276 SF on main level for pub. 1,140 SF 2 bd/1 bath apartment on second level, currently vacant and could serve as owner's living space or nightly rental (subject to OS rules and regs). Nearly 8,000 permanent residents and over 3 million annual visitors create a steady demand. 2025 P&L's reflect a 16% CAP rate. No salary was taken, so an adjustment is needed to truly reflect net profit.

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$291 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Copalis Cove Pub

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bar

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

SPRINKLERS

-

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

B-1

APN/PARCEL ID

090100501402

ASK ABOUT THIS PROPERTY

Jim DonahoeWindermere Real Estate Ocean ShoresMore Info
360-789-5114

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Jim DonahoeWindermere Real Estate Ocean ShoresMore Info
360-789-5114

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