28585 Highway 70 Bonanza, OR 97623
This exceptional commercial property, located at 28585 Hwy 70 in Bonanza, Oregon, presents a unique investment opportunity. The well-known Longhorn Saloon and Restaurant, a local landmark since 1937, occupies a 3,910 square foot building situated on a 0.39-acre lot. The property boasts a large dining room featuring a natural stone fireplace and sliding doors leading to a spacious bar area. The bar includes a stage, a pool table, and Oregon Lottery Video Poker and Keno machines. A fully equipped modern kitchen, renowned for its quality food, is conveniently located between the restaurant and dining room. The property also includes a privately fenced outdoor area, perfect for al fresco dining, complete with a horseshoe pit and shaded tables. Its prime location across from Big Springs Park makes it an ideal gathering spot and ensures high visibility. Priced at $295,000, this property offers significant potential for continued success and growth within the Bonanza community. The established reputation and existing infrastructure provide a solid foundation for a new owner to build upon.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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