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    OFF-MARKET
    Bars & Pubs

    915 Galice Rd, Merlin, OR 97532-9731

    2,530 SF 0.55 ac lot Built 1966
    Trust Owned 20-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US71-0451843
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Bars & Pubs
    Use group BAR, TAVERN
    Year built 1966
    Total area 2,530 SF
    Lot 0.55 ac (23,958 SF)
    Zoning code RC; RURAL COMM
    APN 35-06-20-B0-002605
    UPID US71-0451843
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • The Iron Oar Bar & Grill Bar & Pub Nightclub
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Gergel Family Trust · 20 yrs held
    Gergel Family Trust
    since 2006
    4 recorded transactions
    2006
    2006
    1969
    1969
    Zoning & alternative use
    RC; RURAL COMM · Merlin, OR
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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