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Listed by:Windermere R.E. Ocean Shores • Jim Donahoe
$995,000
Est. payment /mo
10,019 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Active
Purchase Type For Sale
Subdivision Ocean Shores
MLS Listing ID 2377439
Style 60 - Comm Bldg Und 10K
Year Built 1961
Annual Tax Amount $2,881
Lot Size 10,019 Sqft
Lot Dimensions 100 x100 x 76 x 19 x 19 x 74
Property Sub-Type Commercial Industrial
Property Description
Improved pricing with potential owner terms to qualified buyer. Great opportunity for owner/operator. Popular pub in great location across from hotels in Ocean Shores. Current owner has completely updated interior to create a more upscale and clean feel. This is reflected in its growing income. Corner location provides excellent exposure. 2,276 SF on main level for pub. 1,140 SF 2 bd/1 bath apartment on second level, currently vacant and could serve as owner's living space or nightly rental (subject to OS rules and regs). Nearly 8,000 permanent residents and over 3 million annual visitors create a steady demand. 2025 P&L's reflect a 16% CAP rate. No salary was taken, so an adjustment is needed to truly reflect net profit.
Location
State WA
County Grays Harbor
Area 194 - Ocean Shores
Interior
Flooring Ceramic Tile, Concrete, Vinyl, Carpet
Fireplace false
Exterior
Exterior Feature Cement/Concrete
Roof Type Composition
Building
Sewer Sewer Connected
Water Public
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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NEARBY SCHOOL & BUSINESS