Property profile

3030 Oregon Ave Sw Bandon, OR 97411

FOR SALE
Turn key restaurants
Property ID
US71-1736904
3,634 SF 0.83 ac lot Built 1969
Individually Owned 18-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 4,600 square foot restaurant and sports bar is situated on a 0.83-acre lot at the highly visible corner of Highway 101 and Seabird Drive in Bandon, Oregon. The property boasts a fully operational kitchen, complete with a brand new hood exhaust system, and a spacious dining area designed for a comfortable and relaxed atmosphere. The established business includes all equipment and fixtures, along with the existing business name, ensuring a smooth transition for the new owner. The sports bar features a full bar setup, multiple flat-screen TVs, and a designated area for Oregon Lottery machines. A newly added outdoor space, complete with a covered patio, fire pit, and tables, provides additional seating and ambiance. Ample parking is available for cars and RVs. The asking price for this turnkey operation, including the building and business, is $985,000. This prime location offers high traffic exposure, attracting both tourists and locals, and presents significant potential for continued success. The property's versatility also makes it suitable for a variety of other commercial enterprises. This is a rare opportunity to acquire a thriving business and valuable real estate in a desirable location.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1969
Total area 3,634 SF
Lot 0.83 ac (36,155 SF)
Zoning code C-2
APN 28 S 15 W 36 DD 800
UPID US71-1736904

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

3030 Oregon Ave Sw Bandon, OR 97411
Bandon metro Census 1001 COOS BAY, OR MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$770k

Owner & transaction history

since 2008
2 recorded transactions
2008
$725,000
2005
$47,000

Zoning & alternative use

C-2 · Bandon, 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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