For Sale
$1,200,000

29430 Ellensburg AveGold Beach, OR 97444

Ocean View Restaurant & Rental

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional Gold Beach, Oregon property offers a unique investment opportunity combining a thriving restaurant and a vacation rental. The 5,020 square foot, two-story building sits on a 0.45-acre lot with 34 on-site parking spaces and additional leased parking nearby. The ground floor houses a well-established restaurant with seating for up to 150 guests, boasting multi-tiered seating and stunning ocean views. Upstairs, a renovated two-bedroom, one-bathroom vacation rental provides supplemental income and potential for personal use. Built in 1977, this property features a 4C permitted zoning designation. Located on Highway 101, it benefits from high visibility and easy access. The asking price is $1,200,000, with a price per square foot of $239.04. Owner financing may be available with a $500,000 down payment. This multi-tenancy, gross lease property presents a compelling combination of established income streams and significant growth potential in a desirable coastal location. The property includes one building with two stories. The APN is R17720.

Highlights

  • Thriving restaurant and vacation rental in Gold Beach, Oregon.
  • 5,020 sq ft, two-story building on a 0.45-acre lot with 34 on-site parking spaces plus additional leased parking.
  • Restaurant seats 150, boasts ocean views, and is well-established.
  • Upstairs vacation rental features two bedrooms, one bath, and offers supplemental income.
  • 1977 construction, 4C zoning, Highway 101 location for high visibility and accessibility.
  • $1,200,000 asking price ($239.04/sq ft), owner financing possible with $500,000 down payment.

Property Details for 29430 Ellensburg Ave

Property type
Retail properties, Restaurants
Square Feet
5,020 SF
Year Built
1977
Buildings
1
Stories
2
Lot Size (sq. ft)
19,602 SF

Location Insight

City
Gold Beach
County
Curry
State
Oregon
Latitude
42.4064145
Longitude
-124.4218052
29430 Ellensburg Ave, Gold Beach, Oregon

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29430 Ellensburg Ave
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