Old Town Bandon Restaurant
For Sale
$599,000
145 2nd St, Bandon, OR 97411
Fully equipped restaurant in high-traffic area near waterfront.
Property Size2,700 SF
Price / SF$221.85
Days on Market256
Property Features for 145 2nd St
General Information
Standard status
Active
Size
2,700 SF
Building Details
Year Built
1937
Listing Agency:
David L. Davis Real Estate
Listed By:
Fred Gernandt · License #780501133
(541) 347-9444
Source:
Wyndeekono
Added: Jan 26
Changed: Sep 10
Last Checked: Oct 7 at 4:16PM
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.
Located in the Old Town Bandon commercial district, this restaurant property features 185 feet of road frontage on a corner lot. The building was remodeled in 2004. The well-established facility includes off-street parking and three separate dining areas. It is situated near a bustling waterfront and a large adjoining hotel, which provides a consistent customer base. This property is intended for use as a restaurant.
Key Highlights
- Prime corner location in Old Town Bandon's high‑value commercial district with 185' of road frontage.
- Fully equipped restaurant facility.
- Listing price is $275,000 under Coos County Assessed Value.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,166
Cap Rate
4.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$563,320
$563.3K
Cap Rate 7%
$402,371
$402.4K
Cap Rate 9%
$312,956
$313.0K
Market Conditions
NOI Build-Up for 2,700 SF
Gross rent
$38.9K $14.40/SF
− Vacancy
−$1.3K −$0.49/SF
EGI
$37.6K $13.91/SF
− OpEx
−$9.4K −$3.48/SF
NOI
$28.2K $10.43/SF
Area
Coos County, OR
Vacancy
3.41%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$563,320
Cap Rate 7%
$402,371
Cap Rate 9%
$312,956
Alternative Uses
Best Use
Specialty Retail
$402.4K
$352.1K – $469.4K
NOI $28,166 @ 7.0% cap · market cap 4.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$488.8K
$427.7K – $570.2K
NOI $34,214 @ 7.0% cap · market cap 5.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
456
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 97411, OR
7,572
Population
4,396
Households
1.7
Avg Household Size
59
Median Age
27%
College-Educated
95%
High-School Grad
128.6 sq mi
ZIP Area
59
Density / Sq Mi
$48,476
Median Household Income
$27,375
Median Earnings
$920
Median Rent
$425,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
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Similar Off Market Nearby
- Coos Confection and Catering — 375 Chicago Ave SE, Bandon, OR 97411
Frequently Asked Questions
What type of property is this?
Restaurant - Fully equipped restaurant in high-traffic area near waterfront.
Where is this restaurant located?
The property is located at 145 2nd St Bandon, OR.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Prime corner location in Old Town Bandon's high‑value commercial district with 185' of road frontage.; Fully equipped restaurant facility.; Listing price is $275,000 under Coos County Assessed Value.
