Partially Remodeled Restaurant
719 1ST Seaside, OR 97138
719 1ST, Seaside, OR, 97138
$525,000
For Sale
$525,000
Includes an approximately 1,500-sqft commercial prep kitchen with storefront, plus additional unfinished space, with tenant to vacate.
Property Size3,534 SF
Price / SF$148.56
Days on Market8
Property Features for 719 1ST
General Information
- Standard status
- Active
- Size
- 3,534 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1919
Listing agency
POPKIN REAL ESTATE, LLC
(503) 739-7192
Listed by
MARK POPKIN
Source
Corcoran
Added: Jul 14 Updated: Jul 20 at 2:30AM Checked: Jul 21 at 5:58AM
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 POPKIN REAL ESTATE, LLC
Investment Insights
Based on property information with market context.
This restaurant property is partially remodeled and offered for sale. Approximately 1,500 square feet is dedicated to a commercial prep kitchen and includes a storefront. The remaining portion of the space is currently unfinished, and the existing tenant will be vacating the property.
Located in central Seaside, the property’s configuration supports food service back-of-house operations through the existing prep kitchen setup. The storefront component provides direct customer-facing access tied to the kitchen area.
Prospective buyers should plan to complete the unfinished portion of the property while leveraging the existing commercial prep kitchen and storefront area as a foundation for a food service use.
Located in central Seaside, the property’s configuration supports food service back-of-house operations through the existing prep kitchen setup. The storefront component provides direct customer-facing access tied to the kitchen area.
Prospective buyers should plan to complete the unfinished portion of the property while leveraging the existing commercial prep kitchen and storefront area as a foundation for a food service use.
Key Highlights
- Approximately 1,500‑sqft commercial prep kitchen with storefront
- Additional unfinished space included beyond the commercial prep kitchen
- Property is partially remodeled
Local Financial Insights For Industrial
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 | $31.8k | $9.00 |
| − Vacancy | −$3.2k | −$0.90 |
| EGI | $28.6k | $8.10 |
| − OpEx | −$8.6k | −$2.43 |
| NOI | $20.0k | $5.67 |
3,534 SF · lease $9.00/SF/yr · vacancy 10.00% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$748.3K
$654.8K – $873.1K
NOI $52,384 @ 7.0% cap · market cap 9.98%
Second Best
Industrial
$286.3K
$250.5K – $334.0K
NOI $20,038 @ 7.0% cap · market cap 3.82%
Theoretical Best
Office A
$1.03M
$899.1K – $1.20M
NOI $71,924 @ 7.0% cap · market cap 13.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Commercial kitchens
Similar For Sale Nearby
FAQs
What type of property is this?
Commercial kitchen - Includes an approximately 1,500-sqft commercial prep kitchen with storefront, plus additional unfinished space, with tenant to vacate.
Where is this commercial kitchen located?
The property is located at 719 1ST Seaside, OR.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Approximately 1,500‑sqft commercial prep kitchen with storefront; Additional unfinished space included beyond the commercial prep kitchen; Property is partially remodeled
