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404 Garibaldi (Hwy 101) 1,488 SF 100% Leased Retail Building Garibaldi, OR 97118 $798,974 CAD ($536.94 CAD/SF)



Executive Summary
Discover this unique opportunity to own a eye-catching, artistically and thoughtfully designed, expanded and updated mixed-use property along the North Oregon Coast in the heart of Downtown Garibaldi (Oregon's Authentic Fishing Village) on Hwy 101. Currently the Fish With Lips Wine Bar & Gallery/Retail Operation, has become a destination regularly attracting customers from CA, ID & WA to experience the quality of the wine list (a patron's quote, So appreciate a wine bar that KNOWS Great Wine!), fanciful art, retail, delicious food & fun loving, entertaining environment! Its been a tough decision for sellers, yet selling this most wonderful asset due to competing artistic & culinary options. This versatile property is ideally located near the bay, boat basin, restaurants, & many of the area's most popular attractions; boating/kayaking, fishing, hiking, breathtaking views & beyond. Adding to the Property's appeal is the the rear garden fenced short term rental (STR) w/ transferable license. This location is one of the few Garibaldi locations eligible for STR. This affords buyers the opportunity to continue as a STR in the separate one-bedroom unit, or utilize as owner's quarters, guest accommodations, or an add'l long-term rental opportunity. Whether you're looking to continue the current Wine Bar, Food Delights and Gallery/Retil concept, create your own vision, or develop a flexible coastal investment, this property offers a rare combination of location, versatility, & income-producing potential. Seller may consider financing under attractive terms w/ a substantial down payment. The adjacent 3rd Street City Parking lot and on-street parking works well for customers. ODOT estimates daily traffic counts of over 8,000. Participate in the Garibaldi Business Assn for connecting to other business owners for support, marketing collars and events for community building and tourism attraction in partnership with Visit Tillamook Coast. Call for an appt!
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
1,488 SF
Building Class
B
Year Built/Renovated
1918/2024
Price
$798,974 CAD
Price Per SF
$536.94 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.43
Lot Size
0.08 AC
Opportunity Zone
Yes
Zoning
GB-D1 - The property is zoned GB-D1 (Downtown Zone), a designation intended to promote mixed-use commercial development within Garibaldi's central Highway 101 corridor. The district encourages small- to medium-scale commercial businesses.
Frontage
36’ on Garibaldi Avenue
Somewhat walkable
20/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | R0005434 | Improvements Assessment | $157,222 CAD |
| Land Assessment | $71,445 CAD | Total Assessment | $228,667 CAD |
Property Taxes
Parcel Number
R0005434
Land Assessment
$71,445 CAD
Improvements Assessment
$157,222 CAD
Total Assessment
$228,667 CAD
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404 Garibaldi (Hwy 101)
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