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Jared Hambrook

jaredh@legacyre.com +1(503) 930-2124

Listed by John L Scott Portland SW

$ 849,000

Est. payment -/mo

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Active

176 S HIGHWAY 101 Rockaway Beach, OR 97136

5,394 SqFt

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

Parking Type On Street

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

Regional Multiple Listing Service (RMLS)

Jared Hambrook

Principal Broker | License ID: 201211534

+1(503) 930-2124

Jared Hambrook

176 S HIGHWAY 101 Rockaway Beach, OR 97136

Key Details

Location

Interior

Exterior

Building

Others

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176 S HIGHWAY 101