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Historical Retail Sale Listing - Coastal Restaurant

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Coastal Restaurant

Coastal Town, Astoria, OR 97103

Photo Not Found
  • N/A
  • 4,700 SF
  • Retail
  • Restaurant
  • Commercial/ Other (land)
    Retail (Other)
  • Business For Sale
  • 2
  • Single
  • 1972
Last Verified  8/20/2007 Listing ID  15270039

Highlights

  • Ideal Location
  • Busy Commercial Area
  • Several Hotels Nearby
  • Established Community Repututation
  • Beautiful Historical Coastal Town
  • Growing Tourism Community

Description

Top Rated Oregon Coast Restaurant within walking distance of three hotels without food service. Established 30 years in a growing coastal community. The busy season is June through September and then again during the Christmas season for Christmas parties and catering events. It has a fine dining ambiance with gourmet Northwestern fare, seafood and foods native to the Northwest. Sales have been increasing; however, the cost of food and payroll has kept the restaurant from being profitable. The real estate is estimated to be worth $450k or more. Restaurant is over 2800 sq ft with bar, and basement is finished with plenty of room for storage.

Growing Oregon coastal community.

Map of Astoria, OR, 97103 - exact location not found

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Created 8/2/2007

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. TB-BSO