857 Point Brown Ave NW - Restaurant FOR SALE


Ocean Shores, WA 98569
$1,695,000 USD
360-789-5114
857 Point Brown Ave NW, Ocean Shores, WA for Sale
$1,695,000 USD
Restaurant - FOR SALE
1/27
null | Request Cap Rate

857 Point Brown Ave NW
Ocean Shores, WA 98569


HIGHLIGHTS

  • Name recognition
  • Largest seating capacity in town
  • 3,716 upstairs aparttment

OVERVIEW

The Home Port Restaurant is the most established and recognized restaurant in Ocean Shores. Due to health reasons the original owner has decided to sell. Income has dipped in the last couple of years. The price reflects the value of the real estate and the ultra potential for next owner to increase sales and consider alternative income streams. Property includes 10,526 SF restaurant, lounge, small gift shop, banquet room, office and large 2,568 SF upstairs apartment with chef's kitchen. Excellent location with great exposure on Pt Brown Ave. with delivery service in back off of Minard Ave. List price includes 61,822 in personal property. Separate payment for about $50,000 in re-sell inventory. Buyer must be accompanied by Buyer's Broker on showings and inspections to receive full commission. 24 hr notice for showing, LA (Jessie Ellis) must be there, and no same day showings. There will be shared parking agreement with adjacent properties. Buyer shall first right of refusal for lot/shop behind restaurant at 851 Minard Ave NW. Upon approval of credit owner will provide seller financing with 40% down payment, 6% interest, 20 year term and a 3 year cash out. Please use Grays Harbor Title. Contact Jessie Ellis to arrange showing.

FOR SALE DETAILS

PRICE

$1,695,000 USD

PRICE/SF

$161 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,117 SF

ZONING

Commercial Retail

APN/PARCEL ID

090100401300

ASK ABOUT THIS PROPERTY

Jim DonahoeWindermere Real Estate Ocean ShoresMore Info
360-789-5114

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

Jim DonahoeWindermere Real Estate Ocean ShoresMore Info
360-789-5114

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