Property profile

181 Main St Toledo, OR 97391

OFF-MARKET
Turn key restaurants
Property ID
US71-0982566
3,088 SF 0.08 ac lot Built 1956
Individually Owned 5-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional opportunity presents the chance to acquire a thriving restaurant and bar located at 181 S Main Street in Toledo, Oregon. The property, built in 1956, boasts a 3,485 square foot building situated on a 3,484.8 square foot lot. The asking price is $1,200,000. This turnkey operation includes all furnishings and fixtures, allowing for immediate commencement of business. The established business enjoys a strong reputation within the Toledo community, serving as a beloved local hangout. The spacious interior features rustic décor, creating a welcoming atmosphere for patrons. A fully equipped kitchen is ready for culinary operations, and a well-stocked bar is prepared to serve a wide selection of beverages. The business also offers lottery games. This property is ideally suited for an entrepreneur seeking to acquire an established, profitable business in a vibrant community setting. The property's prime location in the heart of Toledo ensures high visibility and accessibility. This is a rare opportunity to own a well-established and profitable business in a desirable Oregon location. The sale includes the land, building, and all existing equipment and fixtures. This is a truly turnkey operation ready for a new owner to step in and continue the success.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1956
Construction WOOD
Total area 3,088 SF
Lot 0.08 ac (3,485 SF)
Zoning code C;COMMERCIAL
APN 11-10-17-BC-06200-00
UPID US71-0982566

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • Atm

Location

181 Main St Toledo, OR 97391-1541
Toledo metro Census 951300 NEWPORT, OR MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$460k

Owner & transaction history

since 2020
Last sale
$500,000
4 recorded transactions
2020
$500,000
2010
Price N/A
2008
$33,000
1969
Price N/A

Zoning & alternative use

C;COMMERCIAL · Toledo, OR

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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