231 Garibaldi Ave, Garibaldi, OR 97118 (MLS:20-2115)

Commercial

Updated by Martek Real Estate,

Property Description 

Rated BEST restaurant in Garibaldi, OR. Close to $800,000 in upgrades in 2015 for interior, exterior, and kitchen. Seating for 50+ people with separate bar/lounge area. ROI at 18%+ prior to 2020. On-premise profitable Lottery operation. Enclosed outdoor patio area has gas fireplace and accommodates larger gatherings. Price includes Building, Equipment, and Restaurant business, although Seller is open to selling business separately with some carry. Growth potential on catering side of the business. Chain motel next door and a large nearby RV campground, insures steady traffic year round. Profitable with financials available upon request to qualified buyers. Don’Let this opportunity pass you by. .

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  • Status Pending - Continue to Show 
  • City Garibaldi 
  • County Tillamook 
  • State Oregon 
  • Major Area Garibaldi 
  • Subdivision Bayley and Case's 
  • Parcel Number 1N1021AD-9900- 
  • U.S. Highway 101 West Side 
  • Business Description Restaurant 
  • Property Type Commercial 
  • Bathrooms
  • Garage Type None 
  • Garage Stalls
  • Street Surface Paved 
  • Roof Composition 
  • Siding T1-11 
  • Foundation Slab 
  • Total Square Feet 3,395 
  • Year Built 1990 
  • Lot Acres 0.15 
  • Frontage Highway 
  • Zoning C-1 Commercial 
  • Bank/Lender Owned No 
  • Seller's Terms Cash, Conventional Financing 
  • Price $1,350,000 
  • Tax Year 2019 
  • MLS Number 20-2115 
  • Phone Number (541) 265-8785 
  • Directions Highway 101 to between Third and Second in downtown Garibaldi, Oregon. 
  • Cross Street Third 

Barclay - Properties, LLC is the listing office. Call Martek Real Estate at (541) 265-8785 to see this property or obtain more information.