34635 Highway 101 BusinessAstoria, OR 97103

Property Details for 34635 Highway 101 Business

Year built

1968

Lot size

0.12 AC

Property type

Bars

Property subtype

Pubs

APN

80930BA05600

APU

80930BA05600

Description

Prime commercial real estate opportunity in Astoria, Oregon! This 1,666 square foot, multi-use property located at 34635 Highway 101 Business sits on a 0.24-acre lot. Currently operating as a successful pub, coffee house, and restaurant, this established business boasts a rich history dating back to the 1940s, serving the community for generations. Recently updated in 2018, the property features a brand new roof and a new cooler compressor, ensuring efficient and cost-effective operation. The business, known as Taps Espresso Grub and Pub, is renowned for its famous breakfast burritos and enjoys a loyal customer base. This turnkey operation presents a unique chance to acquire a well-established business with significant potential for growth. The property's location on Highway 101 Business provides excellent visibility and accessibility, attracting both local and tourist traffic. The asking price is $550,000. This is an exceptional investment opportunity for an experienced restaurateur or entrepreneur seeking a profitable and established business in a vibrant coastal community. Don't miss this chance to own a piece of Astoria's history and culinary scene.

• CAP approach

  CAP return

  Valuation

  6%

  $1,747,568

  6.5%

  $1,613,140

  7%

  $1,497,915

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,601,562

  Geo Method

  $2,536,672

• Alternative Use

  Use

  Valuation

  Residential

  $1,360,744

  Hospitality

  $1,246,434

  Educational

  $1,037,018

  Medical

  $1,072,683

  Retail

  $1,613,140

Location Insight

City

Astoria

County

Clatsop

State

Oregon

Latitude

46.1523

Longitude

-123.851

CBSA code

11820

CBSA name

ASTORIA, OR MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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