Technical
Financial
Distress signals
Property profile

996 Pacific Dr Hammond, OR 97121

OFF-MARKET
Turn key restaurants
Property ID
US71-1091689
0.3 ac lot Built 1940
Entity Owned Free & Clear
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Property summary

AI-generated overview

This exceptional 3,170 square foot restaurant and bar, situated on a 0.53-acre lot at 996 PACIFIC Dr, Hammond, OR, presents a rare opportunity in the revitalized Hammond commercial district. Boasting over 80 years of serving the local community and visitors alike, this well-established business is renowned for its signature seafood, steaks, and burgers. The extensive menu includes popular favorites such as clam chowder, the Buoy burger, prime rib, fish & chips, and steamer clams, ensuring a diverse and loyal customer base. Its prime location offers unparalleled access to the Hammond Marina, the Columbia River, and the popular Fort Stevens recreational area, attracting both local residents and tourists. The ongoing revitalization efforts within the Hammond marina and commercial district further enhance the property's long-term growth potential. This turnkey operation is ideally positioned to capitalize on the increasing tourism and local demand, making it an attractive investment for experienced restaurateurs or those seeking a profitable established business. The property's size and location provide ample space for both indoor and potential outdoor seating, allowing for expansion and adaptation to changing market demands. The asking price is $995,000. This is a unique chance to acquire a thriving business with a rich history and significant upside in a desirable waterfront location.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1940
Lot 0.3 ac (13,068 SF)
APN 81008BA00400
UPID US71-1091689

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

996 Pacific Dr Hammond, OR 97121
Hammond metro Census 950500 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
$370k

Owner & transaction history

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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