Property profile

29430 Ellensburg Ave Gold Beach, OR 97444

FOR SALE
Turn key restaurants
Property ID
US71-1577416
4,172 SF 0.45 ac lot Built 1977
Entity Owned ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1977
Total area 4,172 SF
Lot 0.45 ac (19,602 SF)
Zoning code 4C
APN 3715-01AC-00200
UPID US71-1577416

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
  • Restaurant

Location

29430 Ellensburg Ave Gold Beach, OR 97444
Gold Beach metro Census 950201 BROOKINGS, OR MICROPOLITAN STATISTICAL AREA
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Value estimations

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Owner & transaction history

Zoning & alternative use

4C · Gold Beach, OR
Zoning description

The 4-C zone is designed to apply to areas where more complete commercial facilities are necessary for community convenience. Section 2.320. Uses Permitted Outright.

General category COMMERCIAL

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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