Property summary
This exceptional turnkey business opportunity encompasses a fully operational restaurant, bar, and event venue nestled on a sprawling 5.1-acre lot in Wamic, Oregon. The 5,000 square foot property boasts a seating capacity of 75+, a dance floor, four restrooms, and a recently added beer garden. Significant upgrades were completed in 2022 and 2024, including a complete interior renovation with new flooring, lighting, plumbing, and electrical systems. The kitchen features brand-new appliances, and the bar area received a comprehensive overhaul with new tap lines, sinks, and equipment. Both walk-in coolers and freezers were serviced and repaired. Bathroom upgrades included new toilets and improved heating. Exterior improvements include fresh paint, new lighting, a new highway sign, and parking lot paving completed in 2024. The property also benefits from a new sound system, stage, and stage lighting, and new TVs throughout. This prime location offers easy access to nearby attractions, including the Mount Hood National Forest, lakes, rivers, and public lands. Its proximity to Portland and Bend (within 2 hours) and the Columbia River Gorge (1 hour) provides excellent accessibility. The property's warm and sunny climate, coupled with a growing local population, presents a unique opportunity for expansion. Consider adding an RV park or outdoor music venue to capitalize on the area's recreational appeal. This is a truly one-of-a-kind opportunity for an ambitious entrepreneur. The asking price is $1,100,000.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
C2 · Tygh Valley, ORZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning