416 Pacific Ave Glendale, OR 97442-9615
- Turn key restaurants
- 4,184 SF
- 0.22 lot acres
Nov 14, 2023
Current Use by Public Records
- Bonfire Bar and Grill / Bar & Grill
- ATM / Atm
- R-Bar / Bar
Property Details for 416 Pacific Ave
- Year built
- 1955
- Lot size
- 0.22 lot acres
- Property size
- 4,184 SF
- Property type
- Turn key restaurants
- APN
- 33-06W-05AA-02400
- APU
- 3306W05AA02400
Description
This exceptional turnkey opportunity presents a fully operational bar and restaurant located at 416 PACIFIC Ave, Glendale, OR. The property, encompassing 4,184 square feet on a 0.22-acre lot, offers a unique blend of rustic charm and modern functionality. The business, formerly known as The R Bar and The Bonfire Bar and Grill, boasts an established clientele and enjoys a distinct competitive advantage due to limited competition in the area. The sale includes the building itself and a comprehensive inventory of equipment necessary for immediate operation. The commercial kitchen is fully equipped, featuring a recently installed hood range and a new chest freezer. A key feature is the separate bar and restaurant areas, allowing for an all-ages-welcome environment, broadening the potential customer base. The asking price of $325,000 represents a compelling investment in a thriving, established business with significant growth potential. The property's prime location in Glendale, OR, ensures high visibility and accessibility. This is a rare chance to acquire a profitable, turnkey operation with minimal start-up costs and immediate revenue generation potential. All necessary equipment and fixtures are included in the sale price, making this a truly seamless transition for a new owner. The established customer base provides a solid foundation for continued success. This is an ideal opportunity for an experienced restaurateur or a savvy investor seeking a profitable venture in a desirable location.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Glendale
- County
- Douglas
- State
- Oregon
- Longitude
- -123.428
- Latitude
- 42.7372
- CBSA code
- 40700
- CBSA name
- ROSEBURG, OR MICROPOLITAN STATISTICAL AREA