Property profile

34635 Hwy 101st Business Astoria, OR 97103

OFF-MARKET
Bars & Pubs
Property ID
US71-1104252
0.12 ac lot Built 1968
Individually Owned 8-yr Hold ~ Est. High Equity
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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

Location

34635 Hwy 101st Business Astoria, OR 97103-6663
Astoria metro Census 950600 ASTORIA, OR MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
$345k

Owner & transaction history

since 2018
3 recorded transactions
2019
Price N/A
2018
$190,000
1969
Price N/A

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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