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Copalis Cove Pub 798 Ocean Shores Blvd NW 3,416 SF Retail Building Ocean Shores, WA 98569 $995,000 ($291.28/SF)
Investment Highlights
- Across street from hotels. Walk to convention center, events, shops & ocean. Major renovation. Apartment is vacant and would produce added income.
Executive Summary
Improved pricing with potential owner terms to qualified buyer. Great opportunity for owner/operator. Popular pub in great location across from hotels in Ocean Shores. Current owner has completely updated interior to create a more upscale and clean feel. This is reflected in its growing income. Corner location provides excellent exposure. 2,276 SF on main level for pub. 1,140 SF 2 bd/1 bath apartment on second level, currently vacant and could serve as owner's living space or nightly rental (subject to OS rules and regs). Nearly 8,000 permanent residents and over 3 million annual visitors create a steady demand. 2025 P&L's reflect a 16% CAP rate. No salary was taken, so an adjustment is needed to truly reflect net profit.
Data Room Click Here to Access
- Title and Insurance
Taxes & Operating Expenses (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
Taxes & Operating Expenses (Actual - 2025) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Owner User
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Bar
Building Size
3,416 SF
Building Class
C
Year Built/Renovated
1961/2023
Price
$995,000
Price Per SF
$291.28
Tenancy
Single
Building Height
2 Stories
Building FAR
0.34
Lot Size
0.23 AC
Opportunity Zone
Yes
Zoning
B-1 - Commercial / Retail
Parking
22 Spaces (7.31 Spaces per 1,000 SF Leased)
Frontage
94’ on Ocean Shores Blvd NW
Amenities
- Corner Lot
About 798 OCEAN SHORES BLVD NW , OCEAN SHORES, WA 98569
Total remodel in 2023. Improved pricing with potential owner terms to qualified buyer. Great opportunity for owner/operator. Popular pub in great location across from hotels in Ocean Shores. Current owner has completely updated interior to create a more upscale and clean feel. This is reflected in its growing income. Corner location provides excellent exposure. 2,276 SF on main level for pub. 1,140 SF 2 bd/1 bath apartment on second level, currently vacant and could serve as owner's living space or nightly rental (subject to OS rules and regs). Nearly 8,000 permanent residents and over 3 million annual visitors create a steady demand. 2025 P&L's reflect a 16% CAP rate. No salary was taken, so an adjustment is needed to truly reflect net profit.
Nearby Major Retailers
Property Taxes
| Parcel Number | 090100501402 | Total Assessment | $458,371 |
| Land Assessment | $75,000 | Annual Taxes | ($3,416) (($1.00)/SF) |
| Improvements Assessment | $383,371 | Tax Year | 2025 Payable 2025 |
Property Taxes
Parcel Number
090100501402
Land Assessment
$75,000
Improvements Assessment
$383,371
Total Assessment
$458,371
Annual Taxes
($3,416) (($1.00)/SF)
Tax Year
2025 Payable 2025
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Copalis Cove Pub | 798 Ocean Shores Blvd NW
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