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Listed by John L Scott Portland SW
$849,000
Est. payment /mo
5,394 SqFt
Active
176 S HIGHWAY 101 Rockaway Beach, OR 97136
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UPDATED:
09/16/2024 03:31 PM
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 5,394 sqft
Price per Sqft $157
MLS Listing ID 24290876
Year Built 1934
Annual Tax Amount $9,199
Tax Year 2023
Lot Size 0.260 Acres
Property Description
Located in downtown Rockaway Beach, Oregon, this unique C1-zoned property offers endless possibilities for investors or owner-occupiers. The zoning permits both commercial and residential development, with the potential to build multiple townhomes or retain one of the existing restaurants. Although currently not operating, the restaurant remains fully furnished, featuring a full commercial kitchen with pizza ovens, freezers, and more. From 2006 to 2023, the property functioned as a dual restaurant with two lounges, supported by a top-of-the-line, spacious shared commercial kitchen. Suite one boasts 3,936 square feet, complete with a large, renovated service area, full bar, and the potential for video poker. Suite two features 1,458 square feet, including a covered outdoor patio with heaters, a full bar, and a separate space suitable for a secondary kitchen. This one-of-a-kind property offers limitless opportunities—rent one suite and occupy the other, or expand further by building up. With lottery machines, a liquor license, and seller financing options available, this is a rare chance to invest in a prime location. All reasonable offers will be considered, and the SELLER IS WILLING TO CARRY A CONTRACT. Buyer to verify potential uses.
Location
State OR
County Tillamook
Area _195
Zoning C1
Interior
Heating Forced Air
Cooling Central Air
Equipment Fixtures, Furniture, SmokeDetector
Exterior
Roof Type Flat
Garage No
Building
Story 1
Sewer Public Sewer
Water Public Water
Level or Stories 1
Others
Acceptable Financing Cash, Contract, Conventional
Listing Terms Cash, Contract, Conventional
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