34635 Us-101 BusinessAstoria, OR 97103

Property Details for 34635 Us-101 Business

Year built

1968

Lot size

0.24 AC

Property size (Sq ft)

1,666 SF

Property type

Commercial real estate

Description

This exceptional investment opportunity presents a thriving established business in Astoria, Oregon. Priced at $550,000, this turnkey operation includes two buildings totaling 1,666 square feet on a 0.24-acre lot. The property boasts a 6.00% cap rate and 100% occupancy, reflecting its strong financial performance. Originally built in 1968, the property underwent extensive renovations from 2019 to the present, including a new roof and cooler compressor. The business, operating under the name Taps Espresso Pub and Grub, is known for its popular breakfast burritos and has a rich history in the community, dating back to the 1940s. The sale includes the land, buildings, business, and all inventory. Zoned RC, this high-traffic location benefits from its established customer base and prime location at 34635 US-101 Business, Astoria, OR 97103. Financial statements are available upon request with proof of funds or pre-qualification. Showings are limited to Sundays and Mondays. All offers should be submitted on OREF forms. This is a rare chance to acquire a profitable, well-established business with significant upside potential. The property's strong performance, coupled with its recent renovations and prime location, makes it an ideal investment for discerning buyers.

Location Insight

City

Astoria

County

Clatsop

State

Oregon

Latitude

46.1521

Longitude

-123.851

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