Restaurant/Lounge with Video Poker on Hwy 101 in Tillamook County

Asking Price$1,350,000

Gross Revenue
$1,100,000

Net Operating Income$262,242

FF&E$300,000
Included in asking price
Building Sq. Ft.3995

Price per Sq. Ft.Not Disclosed

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Restaurant/Lounge with Video Poker on Hwy 101 in Tillamook County


Asking Price$1,350,000

Gross Revenue
$1,100,000

Net Operating Income$262,242

FF&E$300,000
Included in asking price
Building Sq. Ft.3995

Price per Sq. Ft.Not Disclosed


Seller Financing Available
Property Description
The building is 3995+/- Sq.Ft with 640 Sq.ft. outdoor patio off of the Bar. The Dining room is in the front and the Bar and Patio are in the rear. The building is Hwy 101 which the State is currently doing major upgrades to this site which will greatly improve traffic flow in the front of the Restaurant. Building completely renovated in 2015.
About the Property
Type
Other Business Real Estate
Building Status
Established
Facilities & Assets
The Parkside serve's breakfast, lunch, and dinner in their large dining room with windows on Garibaldi avenue (Hwy 101) and the Bar with Video poker and outdoor deck. The Oregon scenic Railroad attraction and parking lot are adjacent to the south with Garibaldi Bay Motel also adjacent to the east. The Bay and Boat Moorage is just across the road. The Parkside gets business from all of these neighbors.
Location Description
On Hwy 101 that is going thorugh modifications that will greatly enhance the traffic flow for the Site
Current and Prior Use
Restaurant and Bar
Year Built
1990
About the Sale
Furniture, Fixings and Equipment
Included in Asking Price
Financing
Possible Seller financing with a large down payment to a financial qualified buyer
Current Property Expenses
See backup package once NDA is executed
Listing Info
ID:
2387560
Listing Views:
211

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Property Listed by: DAve Dingman David E Clyde Real Estate

Listing ID: 2387560 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.


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