Property profile

150 High St Salem, OR 97301

OFF-MARKET
Retail properties & Spaces
1,290 SF
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Property summary

AI-generated overview

This exceptional business opportunity presents the chance to acquire the well-established Sisters Irish Bistro, a thriving restaurant located at 150 High St SE in Salem, Oregon's vibrant downtown. Boasting 1,290 square feet of space (1,157 net rentable), this Class A restaurant has operated successfully since March 1, 2020, cultivating a loyal local following and an excellent reputation. Included in the $195,000 asking price are all furniture, fixtures, and equipment, along with valuable proprietary recipes. The sale represents a turnkey operation, ideal for an owner-user. The current OLCC license allows for beer and liquor service, and the business benefits from online ordering partnerships with Uber Eats, Grubhub, and DoorDash, generating approximately $30,000 in additional annual revenue. The landlord offers negotiable lease options, providing flexibility for either continuing the current successful model or implementing a new restaurant concept. This is a prime opportunity to own a profitable, iconic Salem restaurant next to the historic Elsinore Theatre. The business is structured as an LLC.

Property profile

Verified
Property type Retail properties & Spaces
Total area 1,290 SF

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
  • Charitable Organization Social Service Agency

Location

150 High St Salem, OR 97301
Salem metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

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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