1201 Bay Ave, Ocean Park, WA 98640
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.