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1434 NW 6th St
Grants Pass, OR 97526
Retail Property For Sale
Executive Summary
PRIME location! This 4456 Square foot building on .51 of an acre, with a 42 car parking lot, is a well established Chinese Restaurant since 1974. The real estate is offered for sale for $888,000.00. With the purchase of the land and building the business is offered for only an additional $30,000.00. Owner is offering business and equipment for sale without real estate purchase for $80,000.00 and offering a (NNN) lease with an option to buy. Business includes four Oregon lottery machines (subject to Oregon State Lottery approval), liquor license (subject to approval), trade name, equipment, furniture, fixtures, decor, phone number, and websites. Business has a current cap rate of 9.80%. This is a great opportunity to own prime commercial real estate and/or a thriving long established business.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,456 SF
Building Class
B
Year Built
1959
Price
$888,000
Price Per SF
$199.28
Cap Rate
9.80%
NOI
$87,024
Percent Leased
Vacant
Building Height
1 Story
Building FAR
0.20
Lot Size
0.51 AC
Zoning
GC - zoning designates land for diverse, high-traffic business uses, such as large retail centers, offices, restaurants, and auto-oriented services
Property Taxes
| Parcel Number | R307824 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $657,450 |
Property Taxes
Parcel Number
R307824
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$657,450
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