1695 Beach Loop Drive - Restaurant FOR SALE


Bandon, OR 97411
$2,200,000 USD
541-297-2427
1695 Beach Loop Drive, Bandon, OR for Sale
$2,200,000 USD
Restaurant - FOR SALE
1/40
null | Request Cap Rate

1695 Beach Loop Drive
Bandon, OR 97411


HIGHLIGHTS

  • Excellent location on the Southern Oregon Coast at Bandon, Oregon. Wonderful views of the the Pacific Ocean and SeaStacks.
  • Interior and Exterior of the Building in excellent condition
  • Meeting/lounge on first level, successful 30 + years of Fine Dining.

OVERVIEW

The subject property is 37,026 square foot parcel, 0.82 acre, with 225 feet of frontage on Beach Loop Drive. The structure is a two-story building with a concrete foundation, wood frame construction built in 1989. Some interior remodeling was accomplished in 2009 to repair smoke and water damage from a fire. This a full-service, dine-in restaurant with a total of 5,280 square feet. The first floor has the entry way, storage and equipment rooms, manager’s office, private lounge that seats 30, two, ½ employee bathrooms, a men’s restroom, and a women’s restroom. A walk-in in cooler/freezer is located on this floor. The second floor is accessed by a stairwell and elevator. This is the main dining area and seats 85, the wet bar and kitchen. New siding was installed on the building in 2018. There is a portion on the south side of the building that is going to be replaced in the very near future. At the present, a completely new HVAC system is being installed. Lord Bennett’s has been a landmark building and successful business for over 30 years offering fine dining with wonderful ocean views. The building and property have been continuously maintained in top condition. The owner, Rich Iverson, is the owner and head chef. Rich graduated from the New York Culinary Institute. He is prepared to assist with the transfer of the business operation for a period of mutually agreed arrangement with a new owner. The business value is included in the price, and can be sold with or without.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$417 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Lord Bennett's Restaurant

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

39

LAND DETAILS

LAND ACRES

0.85 AC

LAND SF

37,026 SF

ZONING

CD-1

APN/PARCEL ID

1001052003

ASK ABOUT THIS PROPERTY

Daniel CiriglianoPacific PropertiesMore Info
541-297-2427

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Daniel CiriglianoPacific PropertiesMore Info
541-297-2427

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.