HOW MUCH WOULD YOU LIKE TO OFFER FOR THIS PROPERTY?
Additional details
Listed by:Windermere R.E. Ocean Shores • Jim Donahoe
$ 995,000
Est. payment /mo
Active
798 Ocean Shores BLVD NW Ocean Shores, WA 98569
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 Out, Conventional
Listing Terms Cash Out, Conventional
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
NEARBY SCHOOLS & PROPERTIES