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Property profile & analytics
OFF-MARKET Estimated value $375,000
Bars & Pubs

915 Galice Rd Merlin, OR 97532-9731

2,530 SF 0.55 ac lot Built 1966
Trust Owned 20-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US71-0451843
Property summary
AI-generated overview

This exceptional commercial property at 915 Galice Road, Merlin, Oregon presents a unique investment opportunity. The 2,530 square foot building sits on a 0.55-acre lot and is currently operating as a thriving bar and restaurant known as The Iron Oar. Located in the heart of a vibrant river rafting community, this well-established business boasts a loyal customer base and consistent revenue stream. The sale includes all existing fixtures, furnishings, and equipment, making this a true turnkey operation. The fully equipped commercial kitchen is ready for immediate use, and the stylish bar area is perfectly suited for serving a wide range of beverages. The property's prime location ensures high visibility and easy access for both locals and tourists. This is an ideal opportunity for an experienced bar owner looking to expand their portfolio or for a first-time entrepreneur seeking a profitable, established business. The asking price is $850,000. The property's strong reputation and consistent customer traffic make this a rare and attractive investment opportunity in the thriving Merlin, Oregon market. The existing business model is proven and successful, offering immediate revenue potential for the new owner. This is a chance to acquire a well-established, profitable business with significant growth potential.

Property profile
Verified
Property type Bars & Pubs
Use group BAR, TAVERN
Year built 1966
Total area 2,530 SF
Lot 0.55 ac (23,958 SF)
Zoning code RC; RURAL COMM
APN 35-06-20-B0-002605
UPID US71-0451843
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
Current use
Occupant on record · Public records
  • The Iron Oar Bar & Grill Bar & Pub Nightclub
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$375k
Owner & transaction history
Gergel Family Trust · 20 yrs held
Gergel Family Trust
since 2006
4 recorded transactions
2006
Price N/A
2006
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
RC; RURAL COMM · Merlin, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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