Listing Agency: Windermere Real Estate/Ocean Shores Show Phone

Listed By: James Donahoe, CCIM Show Phone

Source: Moodyscre

Added: May 16, 2025 Changed: Aug 12 Last Checked: Sep 12 at 10:13AM

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Investment Insights

Based on property information with market context.

This property presents an opportunity for an owner/operator and features a popular pub in a location across from hotels in Ocean Shores. The current owner has updated the interior to create a more upscale feel, which is reflected in its growing income. The corner location provides exposure. The main level comprises 2,276 square feet and is used for the pub. There is also a 1,140 square foot apartment on the second level with 2 bedrooms and 1 bathroom. The upstairs apartment is currently vacant and could serve as an owner's living space or a nightly rental, subject to Ocean Shores rules and regulations. Ocean Shores has nearly 4 million annual visitors, and its population is over 7,000 permanent residents.

Key Highlights

• High CAP rate of 10.35%
• Prime location across from hotels in a popular tourist destination (Ocean Shores)
• Completely updated interior creating an upscale feel

Property Analytics

Current Use

Pubs

Suggested Use

Top Pick Dental Office Building Supply Law Firm Hair Salon Plumbing Service Real Estate Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

44

Businesses Nearby

Explore this area Business Placement

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this pubs located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Pub - Pub with updated interior and potential rental income.

Where is this pub located?

The property is located at 798 Ocean Shores Blvd NW Ocean Shores, WA.

What is the asking price?

The asking price for this property is $995,000.

What are key features of this property?

This property features: High CAP rate of 10.35%; Prime location across from hotels in a popular tourist destination (Ocean Shores); Completely updated interior creating an upscale feel