416 Pacific AveGlendale, OR 97442

Property Details for 416 Pacific Ave

Year built

1955

Lot size

0.22 AC

Property size (Sq ft)

4,184 SF

Property type

Turn key restaurants

APN

33-06W-05AA-02400

APU

3306W05AA02400

Description

This exceptional turnkey opportunity presents a fully operational bar and restaurant located at 416 PACIFIC Ave, Glendale, OR. The property, encompassing 4,184 square feet on a 0.22-acre lot, offers a unique blend of rustic charm and modern functionality. The business, formerly known as The R Bar and The Bonfire Bar and Grill, boasts an established clientele and enjoys a distinct competitive advantage due to limited competition in the area. The sale includes the building itself and a comprehensive inventory of equipment necessary for immediate operation. The commercial kitchen is fully equipped, featuring a recently installed hood range and a new chest freezer. A key feature is the separate bar and restaurant areas, allowing for an all-ages-welcome environment, broadening the potential customer base. The asking price of $325,000 represents a compelling investment in a thriving, established business with significant growth potential. The property's prime location in Glendale, OR, ensures high visibility and accessibility. This is a rare chance to acquire a profitable, turnkey operation with minimal start-up costs and immediate revenue generation potential. All necessary equipment and fixtures are included in the sale price, making this a truly seamless transition for a new owner. The established customer base provides a solid foundation for continued success. This is an ideal opportunity for an experienced restaurateur or a savvy investor seeking a profitable venture in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,211,770

  6.5%

  $1,118,557

  7%

  $1,038,660

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,701,607

  Geo Method

  $2,701,607

• Alternative Use

  Use

  Valuation

  Residential

  $943,545

  Hospitality

  $864,282

  Educational

  $719,072

  Medical

  $743,802

  Retail

  $1,118,557

Location Insight

City

Glendale

County

Douglas

State

Oregon

Latitude

42.7372

Longitude

-123.428

CBSA code

40700

CBSA name

ROSEBURG, OR MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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