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Property profile & analytics
OFF-MARKET
Turn key restaurants

235 Garibaldi Ave Garibaldi, OR 97118-1212

652 SF 0.11 ac lot Built 1925
Entity Owned 2-yr Hold Free & Clear
Property ID
US71-0595675
Property summary
AI-generated overview

This 800-square-foot commercial building is situated on a 0.11-acre lot at 235 Garibaldi Avenue in Garibaldi, Oregon. The property enjoys a highly visible location directly on Highway 101, also known as the Pacific Coast Scenic Byway, boasting daily traffic counts exceeding 8,000 vehicles according to Oregon Department of Transportation data. Its convenient downtown location places it in the heart of Garibaldi's vibrant commercial district, adjacent to the Oregon Coast Scenic Railroad and municipal parking. The freestanding structure offers versatility, suitable for a range of businesses including retail, food service, or a coffee shop, perfectly complementing the character of Oregon's Authentic Fishing Village. An attractive feature is the presence of an outdoor grassy area, ideal for expanding seating or creating a pleasant outdoor dining space. The asking price for this exceptional opportunity is $334,500. This property presents a unique chance to establish or expand a business in a high-traffic, desirable coastal location. The combination of visibility, accessibility, and charming surroundings makes this an attractive investment.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1925
Total area 652 SF
Lot 0.11 ac (4,792 SF)
Zoning code GB-C-1
APN 1N1021-AD-10100
UPID US71-0595675
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
Current use
Occupant on record · Public records
  • BigShus Chocolates Specialty Food Shop Candy Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Department Of Transportation · 2 yrs held
Department Of Transportation
since 2023
Last sale
$7,500
5 recorded transactions
2023
$7,500
2023
Price N/A
2022
$270,000
2014
$90,000
2011
Price N/A
Zoning & alternative use
GB-C-1 · Garibaldi, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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