915 Galice Rd, Merlin, OR 97532-9731
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.
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The Iron Oar Bar & Grill Bar & Pub Nightclub
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
RC; RURAL COMM · Merlin, ORMerlin. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.