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29430 Ellensburg Ave
Gold Beach, OR 97444
Spinners Sea Food Restaurant · Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • Iconic Oregon Coast restaurant building with vacation rental
  • Spinner's Seafood, Steak & Chop House is the ground floor tenant with a 5-year term and $65,000 NOI (NNN)
  • The restaurant is in a great location to capture foot traffic from the surrounding hotels, motels, and vacation rentals along Hwy 101
  • Five year sale-leaseback
  • Additional forecasted revenue of $51,000 from vacation rental on the second floor
  • Spinner's is the premier dining establishment in Gold Beach

PROPERTY FACTS

Property Type
Retail
Property Subtype
Restaurant
Building Size
5,650 SF
Building Class
B
Year Built
1977
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.29
Lot Size
0.45 AC
Zoning
4C - Commercial zoned- vacation rental allowed outright.
Parking
34 Spaces (6.35 Spaces per 1,000 SF Leased)
Frontage
112’ on Ellensburg Ave

AMENITIES

  • Restaurant
  • Signage
  • Roof Terrace
  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R17720
Land Assessment
$0
Improvements Assessment
$28,350
Total Assessment
$28,350
  • Listing ID: 25026651

  • Date on Market: 2/10/2022

  • Last Updated:

  • Address: 29430 Ellensburg Ave, Gold Beach, OR 97444

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