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    209 1St Ave Ilwaco, WA 98624

    For Sale
    $575,000

    Prime Ilwaco location, redevelopment opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional redevelopment opportunity presents a unique chance to acquire a prominent property in downtown Ilwaco, Washington. Situated on a 0.32-acre lot at 209 First Ave S, zip code 98624, this property boasts a rich history as the location of the famed "Sea Hag" bar. While the original bar fixtures have been removed, the substantial building remains, offering approximately 5,000 square feet of space previously used as a bar and storage area. In addition to this, there's a three-bay shop, also totaling approximately 5,000 square feet, providing ample space for various commercial uses. The property also includes a residential apartment, adding to its versatility. Built in 1930, this property presents a blank canvas for a creative entrepreneur or developer. The asking price is $575,000. This prime location in Ilwaco, Pacific County, offers significant potential for a variety of commercial ventures, capitalizing on the town's vibrant atmosphere and tourist traffic. The substantial square footage and inclusion of a residential unit make this a truly unique and attractive investment. Don't miss this chance to shape the future of a historic Ilwaco landmark.

    Property Features for 209 1St Ave

    General Information

    Property type
    Restaurants
    Lot Size
    13,939 SF

    Building Details

    Year Built
    1930

    HighLights

    • $575,000 asking price.
    • Retail property, bar subtype.
    • 1930 construction.
    • 0.32‑acre lot.
    • Located at 209 First Ave S, Ilwaco, WA 98624.
    • Approximately 10,000 square feet, including former bar space, storage, three‑bay shop, and apartment.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bars

    Suggested Use

    Building Supply Realty agency Dental Office Clothing Store Gym & Fitness Department Store Skin Care Clinic Kitchen & Bath Accounting Firm Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ilwaco
    County
    Pacific
    State
    Washington
    Longitude
    -124.04336061372
    Latitude
    46.308112734174

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    FAQs

    What type of property is this?
    Restaurant - Prime Ilwaco location, redevelopment opportunity.
    Where is this restaurant located?
    The property is located at 209 1St Ave Ilwaco, WA.
    What is the asking price?
    The asking price for this property is $575,000.
    What are key features of this property?
    This property features: $575,000 asking price.; Retail property, bar subtype.; 1930 construction.
    Request Owner's contact information
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    Ilwaco, WA 98624
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    209 1St Ave Ilwaco, WA 98624
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