798 Ocean Shores Boulevard NW, Ocean Shores, WA 98569
- $995,000
Listing courtesy of Windermere R.E. Ocean Shores.
- List Price
- $995,000
- Status
- ACTIVE
- MLS#
- 2377439
- Price Change
- ▼ $100,000 1770095779
- Days on Market
- 439
- Annual Tax Ammount
- 2881
Property Description
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.
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Additional Information
- Community
- Ocean Shores
- Style
- 60 - Comm Bldg Und 10K
- Year Built
- 1961
- Roof
- Composition
- Tax Year
- 2024
- Potential Terms
- Cash, Conventional
- Flooring
- Ceramic Tile, Concrete, Vinyl, Carpet
- Driving Directions
- Come in gates to Ocean Shores on Pt. Brown Ave. Turn right immediately onto Ocean Shores Blvd. Continue around corner and south past hotels. Property is on the left at corner of Barnacle and OS Blvd.
- Energy Source
- Electric, Propane
- Net Operating Income
- $120,263
- Cap Rate
- 9
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