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    OFF-MARKET
    Bars & Pubs

    34635 Hwy 101st Business, Astoria, OR 97103-6663

    0.12 ac lot Built 1968
    Individually Owned 8-yr Hold ~ Est. High Equity
    Property ID
    US71-1104252
    Property summary
    AI-generated overview

    Prime commercial real estate opportunity in Astoria, Oregon! This 1,666 square foot, multi-use property located at 34635 Highway 101 Business sits on a 0.24-acre lot. Currently operating as a successful pub, coffee house, and restaurant, this established business boasts a rich history dating back to the 1940s, serving the community for generations. Recently updated in 2018, the property features a brand new roof and a new cooler compressor, ensuring efficient and cost-effective operation. The business, known as Taps Espresso Grub and Pub, is renowned for its famous breakfast burritos and enjoys a loyal customer base. This turnkey operation presents a unique chance to acquire a well-established business with significant potential for growth. The property's location on Highway 101 Business provides excellent visibility and accessibility, attracting both local and tourist traffic. The asking price is $550,000. This is an exceptional investment opportunity for an experienced restaurateur or entrepreneur seeking a profitable and established business in a vibrant coastal community. Don't miss this chance to own a piece of Astoria's history and culinary scene.

    Property profile
    Verified
    Property type Bars & Pubs
    Use group BAR, TAVERN
    Year built 1968
    Lot 0.12 ac (5,227 SF)
    APN 80930BA05600
    UPID US71-1104252
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
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    Blend (final) Blend
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    Owner & transaction history
    Tracy A Simpson · 8 yrs held
    Tracy A Simpson
    since 2018
    3 recorded transactions
    2019
    2018
    $190,000
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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