Corner Restaurant with Three Dining
145 2nd St Bandon, OR 97411
For Sale
$675,000
Corner restaurant with three dining areas, off-street parking, and 185 feet of road frontage.
Days on Market288
Property Features for 145 2nd St
General Information
Standard status
Active
Property subtype
Commercial
Building Details
Year Built
1937
Listing Agency:
David L. Davis Real Estate
(541) 290-9444
Listed By:
Fred Gernandt · License #780501133
(541) 290-9444
Source:
Allprofessionalsre
Added: Oct 16, 2025
Changed: Jul 28
Last Checked: Jul 29 at 12:43PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of David L. Davis Real Estate
Investment Insights
Based on property information with market context.
This corner restaurant is offered as a fully equipped, established operation with off-street parking and three separate dining areas. The building was remodeled in 2004, providing a turn-key base for restaurant use.
Located in Old Town Bandon within the commercial district, the property offers approximately 185 feet of road frontage. The restaurant is positioned near the waterfront and with an adjoining hotel, supporting consistent, on-site demand.
With its configured dining spaces, existing equipment, and corner visibility along a substantial frontage, the property is well-suited for a restaurateur looking for an operational setup in a central commercial area.
Located in Old Town Bandon within the commercial district, the property offers approximately 185 feet of road frontage. The restaurant is positioned near the waterfront and with an adjoining hotel, supporting consistent, on-site demand.
With its configured dining spaces, existing equipment, and corner visibility along a substantial frontage, the property is well-suited for a restaurateur looking for an operational setup in a central commercial area.
Key Highlights
- Corner restaurant with three separate dining areas and off‑street parking
- 185' of road frontage in the commercial district
- Remodeled in 2004
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $38.9k | $14.40 |
| − Vacancy | −$1.3k | −$0.49 |
| EGI | $37.6k | $13.91 |
| − OpEx | −$9.4k | −$3.48 |
| NOI | $28.2k | $10.43 |
2,700 SF · lease $14.40/SF/yr · vacancy 3.41% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$402.4K
$352.1K – $469.4K
NOI $28,166 @ 7.0% cap · market cap 4.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$488.8K
$427.7K – $570.2K
NOI $34,214 @ 7.0% cap · market cap 5.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Corner restaurant with three dining areas, off-street parking, and 185 feet of road frontage.
Where is this conventional restaurant located?
The property is located at 145 2nd St Bandon, OR.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Corner restaurant with three separate dining areas and off‑street parking; 185' of road frontage in the commercial district; Remodeled in 2004
