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857 Point Brown Ave NW 10,526 SF 76% Leased Retail Building Ocean Shores, WA 98569 $995,000 ($94.53/SF)
INVESTMENT HIGHLIGHTS
- Name recognition
- 3,716 upstairs aparttment
- Largest seating capacity in town
EXECUTIVE SUMMARY
Improved pricing. The Home Port Restaurant is the most established and recognized restaurant in Ocean Shores. Due to health reasons the original owner has decided to sell. Income has dipped in the last couple of years. The price reflects the value of the real estate and the ultra potential for next owner to increase sales and consider alternative income streams. Property includes 10,526 SF restaurant, lounge, small gift shop, banquet room, office and large 2,568 SF upstairs apartment with chef's kitchen. Excellent location with great exposure on Pt Brown Ave. with delivery service in back off of Minard Ave. List price includes 61,822 in personal property. Separate payment for about $50,000 in re-sell inventory. Buyer must be accompanied by Buyer's Broker on showings and inspections to receive full commission. 24 hr notice for showing, LA (Jessie Ellis) must be there, and no same day showings. There will be shared parking agreement with adjacent properties. Buyer shall first right of refusal for lot/shop behind restaurant at 851 Minard Ave NW. Please use Grays Harbor Title.
DATA ROOM Click Here to Access
- Operating and Financials
- Title and Insurance
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Restaurant
Building Size
10,526 SF
Building Class
C
Year Built
1965
Price
$995,000
Price Per SF
$94.53
Percent Leased
76%
Building Height
2 Stories
Building FAR
0.65
Lot Size
0.37 AC
Opportunity Zone
Yes
Zoning
Commercial Retail - Tourism commercial retail
Frontage
141’ on Pt. Brown Ave NW
AMENITIES
- Restaurant
- Signage
- Wheelchair Accessible
ABOUT 857 POINT BROWN AVE NW , OCEAN SHORES, WA 98569
From its original configuration building has grown in size as business grew. Now features restaurant, lounge, gift shop and banquet room.
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 090100401300 | Improvements Assessment | $1,226,949 |
| Land Assessment | $102,468 | Total Assessment | $1,329,417 |
PROPERTY TAXES
Parcel Number
090100401300
Land Assessment
$102,468
Improvements Assessment
$1,226,949
Total Assessment
$1,329,417
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857 Point Brown Ave NW
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