29430 Ellensburg AveGold Beach, OR 97444

Property Details for 29430 Ellensburg Ave

Year built

1977

Lot size

0.45 AC

Property size (Sq ft)

4,172 SF

Zone code

4C

Property type

Retail properties

Property subtype

Turn key restaurants

APN

3715-01AC-00200

APU

371501AC00200

Description

This exceptional Gold Beach, Oregon property offers a unique investment opportunity combining a thriving restaurant and a vacation rental. The 5,020 square foot, two-story building sits on a 0.45-acre lot with 34 on-site parking spaces and additional leased parking nearby. The ground floor houses a well-established restaurant with seating for up to 150 guests, boasting multi-tiered seating and stunning ocean views. Upstairs, a renovated two-bedroom, one-bathroom vacation rental provides supplemental income and potential for personal use. Built in 1977, this property features a 4C permitted zoning designation. Located on Highway 101, it benefits from high visibility and easy access. The asking price is $1,200,000, with a price per square foot of $239.04. Owner financing may be available with a $500,000 down payment. This multi-tenancy, gross lease property presents a compelling combination of established income streams and significant growth potential in a desirable coastal location. The property includes one building with two stories. The APN is R17720.

• CAP approach

  CAP return

  Valuation

  6%

  $1,208,092

  6.5%

  $1,115,162

  7%

  $1,035,508

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,693,859

  Geo Method

  $2,693,859

• Alternative Use

  Use

  Valuation

  Residential

  $940,681

  Hospitality

  $861,659

  Educational

  $716,890

  Medical

  $741,545

  Retail

  $1,115,162

Location Insight

City

Gold Beach

County

Curry

State

Oregon

Latitude

42.4064

Longitude

-124.422

CBSA code

15060

CBSA name

BROOKINGS, OR MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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