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Tri City Country Club-172 S Old Pacific Hwy 125 Opresik Ln 2,404 SF 100% Leased Retail Building Myrtle Creek, OR 97457 $525,000 ($218.39/SF)
Executive Summary
Commercial property with multiple income streams in a prime location! This 2.52-acre property presents an excellent investment opportunity with highway frontage, versatile zoning (C2 with a small R2 portion), and established income sources. The sale includes the decades-old Tri City Country Club bar, along with fixtures and owned inventory (some items convey, while others are vendor-supplied). In addition to the operating business, the property includes four fully occupied rental spaces and a studio cabin, creating multiple income opportunities. Approximate rental ROI from the rental spaces, cabin, and bar is $4,500/month, with additional income potential available for an owner/operator of the bar. Current owner is willing to lease back the commercial building or transition operations to a new owner. Call listing agent for additional details. With plentiful on-site parking, excellent highway visibility, strong rental demand, and flexible zoning that supports a variety of potential uses, this property offers both an established operating business and multiple income streams with room for future growth. Owner carry available with a large down payment. Motivated seller!
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Bar
Building Size
2,404 SF
Building Class
C
Year Built
1950
Price
$525,000
Price Per SF
$218.39
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.02
Lot Size
2.52 AC
Zoning
C2, R2 - Most of the property is C2 with a small portion of R2 in the back.
Frontage
137’ on S Old Pacific Hwy
Amenities
- Signage
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | R26586 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $236,959 |
Property Taxes
Parcel Number
R26586
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$236,959
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Tri City Country Club-172 S Old Pacific Hwy | 125 Opresik Ln
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