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Property profile & analytics
OFF-MARKET Estimated value $280,000
Turn key restaurants

1201 Bay Ave Ocean Park, WA 98640

1,912 SF 0.23 ac lot Built 1940
Individually Owned 3-yr Hold Free & Clear
Property ID
US90-1863481
Property summary
AI-generated overview

This exceptional investment opportunity presents a unique chance to acquire an established oceanfront restaurant and bar located at 1201 Bay Ave, Ocean Park, WA 98640. The property, built in 1940, boasts a desirable location with stunning Pacific Ocean views. The two-story building offers versatile space, accommodating multi-age dining downstairs and a lively tavern upstairs. A large covered patio provides year-round outdoor seating, enhancing the dining experience. Additional features include a fenced fire pit area perfect for evening gatherings, and a convenient storage shed. Ample parking is available in a large gravel lot, and the beach is just a short stroll away. All kitchen equipment and tables are negotiable as part of the sale or can be purchased separately. The property is zoned CC and is offered at $575,000. This represents a unique opportunity to own a thriving business in a highly sought-after coastal location. The property's strong location and established clientele make it an attractive investment prospect. The sale includes the building and business, offering immediate income potential. Don't miss this chance to own a piece of the Pacific Coast.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1940
Total area 1,912 SF
Lot 0.23 ac (10,019 SF)
APN 75016000133
UPID US90-1863481
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$280k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$280k
Owner & transaction history
Sara Pearson · 3 yrs held
Sara Pearson
since 2022
4 recorded transactions
2022
Price N/A
2017
Price N/A
2017
Price N/A
2008
$202,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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