Property summary
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
VerifiedCap rate & NOI
Current use
-
Restaurant
-
Charitable Organization Social Service Agency
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.