Property profile

6401 Rogue River Hwy Grants Pass, OR 97527

OFF-MARKET
Retail properties & Spaces
1,900 SF 0.26 ac lot
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Property summary

AI-generated overview

This exceptional opportunity presents the Steelhead Tavern, a well-established bar and restaurant located in Grants Pass, Oregon, at 6401 Rogue River Hwy, 97527. Boasting a rich history as one of the area's oldest operating establishments, this turnkey business is offered at $455,000. The 1,900 square foot property sits on a 0.26-acre lot and includes 20 parking spaces, ensuring ample room for patrons. Recently and extensively refurbished in 2023, both the interior and exterior have been updated. Improvements include a remodeled half-kitchen with new equipment, a refurbished walk-in cooler, new refrigerator/freezer and coolers, a new ice machine and beverage service station, and upgraded bathrooms and electrical systems. A new patio area provides additional seating and space for enjoying local music. The property is zoned RS and offers significant potential. The business could easily support a flourishing food truck operation or be converted into a full-service restaurant and bar. All items, fixtures, equipment, and inventory will be conveyed with the sale. The buyer will be responsible for transferring the liquor license and lottery machines through the appropriate Oregon channels. Appointments are required for viewing. Please be discreet when visiting the property.

Property profile

Verified
Property type Retail properties & Spaces
Total area 1,900 SF
Lot 0.26 ac (11,326 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
  • Bar & Pub Restaurant

Location

6401 Rogue River Hwy Grants Pass, OR 97527
Grants Pass 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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