775 N FRONT St, CoosBay, OR 97420
sale
$1,300,000
|
Other
Courtesy Of Pacific Coast Real Estate & Development
Excellent investment opportunity in this vibrant and versatile commercial property. The front retail space features expansive display windows and a well-designed layout, currently leased to a boutique home decor and clothing retailer under a new five-year lease.To the rear of the building, you'll find a fully equipped lounge and bar, complete with indoor seating, large walk-in refrigeration, an expansive bar area, and upscale fixtures and finishes throughout. The space showcases a stylish sports bar theme and is also secured under a new five-year lease.Outside, the well-established food truck court includes seven fully leased spaces on month-to-month terms, offering a variety of popular local culinary options. The area is thoughtfully designed with covered seating, vibrant landscaping, decorative lighting, a striking mural, and filtered bay views-creating a welcoming and lively ambiance for patrons.The property offers excellent ingress and egress from both Highway 101 and historic Front Street, and features a large parking area and prominent signage for high visibility. With steady rental income, attractive aesthetics, and limited owner responsibilities, this property is a compelling option for investors or as a 1031 exchange. 8% Cap Rate at current price.
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Property Features
- Age: Over 50 Years Old
- Exterior Type: Concrete
- Floors: 2
- Heating System: Zoned
- Legal Description: 25S1326CATL2800
- MLSID: 339920822
- Roof Type: Membrane
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