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670 N Highway 101

Rockaway Beach, OR 97136
  • $649,000
  • STATUS: Active Under Contract
  • ON SITE: 406 Days
  • MLS #: 770259
Under Contract
UPDATED: 167 min ago
$649,000
  • 0
    BEDS
  • 0.47
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,838
    SQFT
  • $229
    $/SQFT
Neighborhood:
Type:
Commercial
County:

School Ratings & Info

Listing information © 2021 Willamette Valley Multiple Listing Service
Listing provided courtesy of Premiere Property Group, Llc Albany

Description

Accepted Offer with Contingencies. Phenomenal Lake Restaurant that has withstood COVID and maintained a solid income base regardless. Will supply financials with NDA, partially covered back patio overlooking the serene Lytle Lake. Over $350,000.00 in remodels and upgrades. Over 35 parking spaces. Multiple Ductless units. Net income around $150,000/year. High Volume, Tourist Attraction with a consistent local customer base. Upgradedequipment throughout, Remodeled in 2011. Maintains the only Lake Rights to build out. Buyer Due Diligence.

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© 2021 Willamette Valley Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Mid-Willamette. Data last updated: 2021-12-03T00:08:46.043.
www.suelongrealty.com/homes/111248810
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670 N Highway 101 Rockaway Beach, OR 97136

  • Price: $649,000
  • Status: Active Under Contract
  • On Site: 406 Days
  • Updated: 167 min ago
  • MLS #: 770259
0
Beds
0
Baths
0
½ Baths
0.47
Acres
2,838
SQFT
$229
$/SQFT
Neighborhood:
Os Outside 4 County Area
County:
Tillamook
Area:
Os Outside 4 County Area
Property Description
Accepted Offer with Contingencies. Phenomenal Lake Restaurant that has withstood COVID and maintained a solid income base regardless. Will supply financials with NDA, partially covered back patio overlooking the serene Lytle Lake. Over $350,000.00 in remodels and upgrades. Over 35 parking spaces. Multiple Ductless units. Net income around $150,000/year. High Volume, Tourist Attraction with a consistent local customer base. Upgradedequipment throughout, Remodeled in 2011. Maintains the only Lake Rights to build out. Buyer Due Diligence.
Exterior Features

Foundation Continuous Outbuildings Shed Parking Spaces 35 Roof Composition Siding ShingleWood Siding Style Lap Signage Yes Trailer Parking Yes View Water Frontage

Interior Features

Heating Central AcForced AirHeat PumpPropane

Property Features

Adjusted Gross Income 559732 Assessments Or Liens No Cap Rate 23 Commercial Type Retail Confidentiality Agreement Required Yes Cross Street N 7th St. Electric 650 Flood Plain No Garbage 136 Gas 400 Gross Sched Income 559732 High Speed Comm Access AvailablePresent Inclusions BusinessInventoryEquipment Mgmt Acct 7000 Net Income 150000 New Construction No Owner Managed Yes Owner Occupied Yes Possession Coe Property Use Type BusinessInvestment Seller To Do1031 No Sewer City Source Of Square Feet County Tax Amount 3286 Tax Years 2019 Terms Seller Will Consider CashConventional Total Expenses 402732 Water CityConnected Water Sewer 150 Zoning Rk-C1

© 2021 Willamette Valley Multiple Listing Service. All rights reserved.


© 2021 Willamette Valley Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Mid-Willamette. Data last updated: 2021-12-03T00:08:46.043.
 
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Keller Williams Mid-Willamette
1121 NW 9th St.
Corvallis OR, 97330
Listing information © 2021 Willamette Valley Multiple Listing Service
Listing provided courtesy of Premiere Property Group, Llc Albany