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    670 N Highway 101

    Rockaway Beach, OR 97136
    • $649,000
    • STATUS: Active Under Contract
    • ON SITE: 237 days
    • MLS #: 770259
    Under Contract
    UPDATED: 77 min ago
    $649,000
    • 0
      BEDS
    • 0.47
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,838
      SQFT
    • $229
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    County:

    School Ratings & Info

    Listing information © 2021 Willamette Valley Multiple Listing Service
    Listing provided courtesy of Premiere Property Group, Llc Albany

    Description

    Accepted Offer with Contingencies. Phenomenal Lake Restaurant that has withstood COVID and maintained a solid income base regardless. Will supply financials with NDA, partially covered back patio overlooking the serene Lytle Lake. Over $350,000.00 in remodels and upgrades. Over 35 parking spaces. Multiple Ductless units. Net income around $150,000/year. High Volume, Tourist Attraction with a consistent local customer base. Upgradedequipment throughout, Remodeled in 2011. Maintains the only Lake Rights to buid out.

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    © 2021 Willamette Valley Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Beem Team LLC | Keller Williams Realty Mid-Willamette. Data last updated: 2021-06-17T12:09:01.01.
    www.midvalleyhomesource.com/homes/111248810
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    670 N Highway 101 Rockaway Beach, OR 97136

    • Price: $649,000
    • Status: Active Under Contract
    • Updated: 77 min ago
    • MLS #: 770259
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.47
    Acres
    2,838
    SQFT
    $229
    $/SQFT
    Neighborhood:
    Os Outside 4 County Area
    County:
    Tillamook
    Area:
    Os Outside 4 County Area
    Property Description
    Accepted Offer with Contingencies. Phenomenal Lake Restaurant that has withstood COVID and maintained a solid income base regardless. Will supply financials with NDA, partially covered back patio overlooking the serene Lytle Lake. Over $350,000.00 in remodels and upgrades. Over 35 parking spaces. Multiple Ductless units. Net income around $150,000/year. High Volume, Tourist Attraction with a consistent local customer base. Upgradedequipment throughout, Remodeled in 2011. Maintains the only Lake Rights to buid out.
    Exterior Features

    Foundation Continuous Outbuildings Shed Parking Spaces 35 Roof Composition Siding ShingleWood Siding Style Lap Signage Yes Trailer Parking Yes View Water Frontage

    Interior Features

    Heating Central AcForced AirHeat PumpPropane

    Property Features

    Adjusted Gross Income 559732 Assessments Or Liens No Cap Rate 23 Commercial Type Retail Confidentiality Agreement Required Yes Cross Street N 7th St. Electric 650 Flood Plain No Garbage 136 Gas 400 Gross Sched Income 559732 High Speed Comm Access AvailablePresent Inclusions BusinessInventoryEquipment Mgmt Acct 7000 Net Income 150000 New Construction No Owner Managed Yes Owner Occupied Yes Possession Coe Property Use Type BusinessInvestment Seller To Do1031 No Sewer City Source Of Square Feet County Tax Amount 3286 Tax Years 2019 Terms Seller Will Consider CashConventional Total Expenses 402732 Water CityConnected Water Sewer 150 Zoning Rk-C1

    © 2021 Willamette Valley Multiple Listing Service. All rights reserved.


    © 2021 Willamette Valley Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Beem Team LLC | Keller Williams Realty Mid-Willamette. Data last updated: 2021-06-17T12:09:01.01.
     
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    The Beem Team LLC | Keller Williams Realty Mid-Willamette
    2125 Pacific Blvd SW
    Albany OR, 97321
    Listing information © 2021 Willamette Valley Multiple Listing Service
    Listing provided courtesy of Premiere Property Group, Llc Albany