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    915 Galice Rd Merlin, OR 97532

    For Sale
    $850,000

    Established Bar, Turnkey Operation, High Revenue Potential

    Property size:
    2,530 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional commercial property at 915 Galice Road, Merlin, Oregon presents a unique investment opportunity. The 2,530 square foot building sits on a 0.55-acre lot and is currently operating as a thriving bar and restaurant known as The Iron Oar. Located in the heart of a vibrant river rafting community, this well-established business boasts a loyal customer base and consistent revenue stream. The sale includes all existing fixtures, furnishings, and equipment, making this a true turnkey operation. The fully equipped commercial kitchen is ready for immediate use, and the stylish bar area is perfectly suited for serving a wide range of beverages. The property's prime location ensures high visibility and easy access for both locals and tourists. This is an ideal opportunity for an experienced bar owner looking to expand their portfolio or for a first-time entrepreneur seeking a profitable, established business. The asking price is $850,000. The property's strong reputation and consistent customer traffic make this a rare and attractive investment opportunity in the thriving Merlin, Oregon market. The existing business model is proven and successful, offering immediate revenue potential for the new owner. This is a chance to acquire a well-established, profitable business with significant growth potential.

    Property Features for 915 Galice Rd

    General Information

    Property type
    Other commercial real estate
    Square Feet
    2,530 SF
    Lot Size
    23,958 SF

    Building Details

    Year Built
    1966
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Iron Oar Bar ... Cocktail Bar

    Suggested Use

    Realty agency Restaurant Hair Salon Auto Repair Shop Pharmacy Auto Parts Store Bar & Pub HVAC Service Discount Store Barber Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Merlin
    County
    Josephine
    State
    Oregon
    Longitude
    -123.4407
    Latitude
    42.51818

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    FAQs

    What type of property is this?
    Commercial real estate - Established Bar, Turnkey Operation, High Revenue Potential
    Where is this commercial real estate located?
    The property is located at 915 Galice Rd Merlin, OR.
    What is the asking price?
    The asking price for this property is $850,000.
    (541) 955-8483
    Request Owner's contact information
    915 Galice Rd Merlin, OR 97532
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    Merlin, OR 97532
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    915 Galice Rd Merlin, OR 97532
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