1220 6Th StGrants Pass, OR 97526

Property Details for 1220 6Th St

Year built

1965

Lot size

0.15 AC

Property size (Sq ft)

1,680 SF

Zone code

GC; GENERAL COMM

Property type

Bars

Property subtype

Pubs

APN

36-05-08-CC-000303

APU

360508CC000303

Description

This thriving bar and building in Grants Pass, Oregon, presents a unique investment opportunity. Located on busy NW 6th Street, this 1,680 square foot establishment boasts a strong track record of profitability. Recent updates include a brand-new, permitted kitchen (2023), updated lighting, two tiled bathrooms, and a new HVAC system. The property also features a large walk-in refrigerator, a custom refrigerated keg system, an ATM, and a POS system – all included in the sale. The spacious interior comfortably accommodates patrons, complemented by a generous outdoor covered area, fully approved by the OLCC. Six Oregon Lottery machines contribute to the revenue stream. The property sits on a 0.31-acre lot, encompassing two separate tax lots, providing ample parking. Built in 1955, the single-story building is zoned GC and offers easy street access. This turnkey operation is ready for a new owner to step in and continue its success. The asking price is $699,900, with a price per square foot of $416.61. The property's APN is R307964. Don't miss this chance to own a well-established and profitable business in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $486,624

  6.5%

  $449,192

  7%

  $417,106

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,084,775

  Geo Method

  $1,084,775

• Alternative Use

  Use

  Valuation

  Residential

  $378,910

  Hospitality

  $347,079

  Educational

  $288,766

  Medical

  $298,697

  Retail

  $449,192

Location Insight

City

Grants Pass

County

Josephine

State

Oregon

Latitude

42.451

Longitude

-123.323

CBSA code

24420

CBSA name

GRANTS PASS, OR MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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