Property profile

2039 Redwood Ave Grants Pass, OR 97527

FOR SALE
Bars & Pubs
Property ID
US71-0126401
3,200 SF 0.58 ac lot Built 1938
Entity Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

The property is a tavern and entertainment venue configured around a barn-style building of approximately 3,200+/- square feet, originally constructed in the 1930s and fully remodeled in 2023. It is situated on a 0.58-acre lot along Redwood Avenue in Grants Pass, Oregon, and has an outdoor event area that includes a fully fenced rear patio with a built-in stage, an outdoor bar service area, and seating. Interior improvements include a kitchen and prep addition of approximately 350 square feet featuring a walk-in cooler, along with upgrades to electrical and plumbing systems, lighting, patio facilities, and custom bar improvements. The facility includes an upper-level space that may be suitable for an apartment or owners’ quarters, subject to buyer verification. The property has business-related fixed equipment and furnishings associated with the venue use, including bar and kitchen equipment, service ware, and outdoor furnishings; it also includes three Oregon Lottery machines that are subject to required Oregon State Lottery approval.

Property profile

Verified
Property type Bars & Pubs
Use group BAR, TAVERN
Year built 1938
Total area 3,200 SF
Lot 0.58 ac (25,265 SF)
Zoning code GC; GENERAL COMM
APN 36-06-23-DD-000200
UPID US71-0126401

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
  • Atm

Location

2039 Redwood Ave Grants Pass, OR 97527
Grants Pass metro Census 361101 GRANTS PASS, OR MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$490k

Owner & transaction history

since 2023
Last sale
$700,000
3 recorded transactions
2023
$900,000
2022
$700,000
2022
$379,000

Zoning & alternative use

GC; GENERAL COMM · Grants Pass, OR

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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More about this property
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