915 Galice RdMerlin, OR 97532

Property Details for 915 Galice Rd

Year built

1966

Lot size

0.55 AC

Property size (Sq ft)

2,530 SF

Zone code

RC; RURAL COMM

Property type

Bars

Property subtype

Pubs

APN

35-06-20-B0-002605

APU

350620B0002605

Description

This exceptional commercial property at 915 Galice Road, Merlin, Oregon presents a unique investment opportunity. The 2,530 square foot building sits on a 0.55-acre lot and is currently operating as a thriving bar and restaurant known as The Iron Oar. Located in the heart of a vibrant river rafting community, this well-established business boasts a loyal customer base and consistent revenue stream. The sale includes all existing fixtures, furnishings, and equipment, making this a true turnkey operation. The fully equipped commercial kitchen is ready for immediate use, and the stylish bar area is perfectly suited for serving a wide range of beverages. The property's prime location ensures high visibility and easy access for both locals and tourists. This is an ideal opportunity for an experienced bar owner looking to expand their portfolio or for a first-time entrepreneur seeking a profitable, established business. The asking price is $850,000. The property's strong reputation and consistent customer traffic make this a rare and attractive investment opportunity in the thriving Merlin, Oregon market. The existing business model is proven and successful, offering immediate revenue potential for the new owner. This is a chance to acquire a well-established, profitable business with significant growth potential.

• CAP approach

  CAP return

  Valuation

  6%

  $732,779

  6.5%

  $676,412

  7%

  $628,096

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,633,620

  Geo Method

  $1,633,620

• Alternative Use

  Use

  Valuation

  Residential

  $570,578

  Hospitality

  $522,647

  Educational

  $434,836

  Medical

  $449,791

  Retail

  $676,412

Location Insight

City

Merlin

County

Josephine

State

Oregon

Latitude

42.518

Longitude

-123.441

CBSA code

24420

CBSA name

GRANTS PASS, OR MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].