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995 Marine Dr
Astoria, OR 97103
Commerce de détail Propriété À vendre
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Faits saillants de l'investissement
- 100+ Years of Proven Bar Use — Irreplaceable Location History: Over a century of continuous hospitality use
- Passive Single-Tenant Investment: One tenant. One lease. One relationship. No complex multi-tenant management, no stagger
- 40+ Years of Tenant Stability — A Community Institution Since 1985
- Near-NNN Expense Structure — Minimal Landlord Obligation
Résumé de l'annonce
This is a rare leased investment in Astoria's premier waterfront commercial corridor. This 1922 masonry-constructed building has operated continuously as a bar and tavern for over 100 years — surviving every economic cycle, every shift in the hospitality landscape, and every change in Astoria's character. It is still running.
Merry Time Bar & Grill has occupied this location since 1985 — over 40 years of uninterrupted operation — building a loyal following and a reputation that has become part of Astoria's identity. The property is leased under a 10-year modified gross lease with 3.5% fixed annual escalations and options to extend, delivering $68,000 in Year 1 NOI with built-in income growth and minimal landlord obligation.
The Owners Are Retiring — Business Also Available for Purchase
The sale price applies to the real property ONLY. Merry Time Bar & Grill is separately available for acquisition — including the business name, goodwill, equipment, inventory, liquor license, and customer base built over 40+ years of continuous operation. You may purchase the property, the business, or both. Contact the listing broker for business financials and pricing.
Merry Time Bar & Grill has occupied this location since 1985 — over 40 years of uninterrupted operation — building a loyal following and a reputation that has become part of Astoria's identity. The property is leased under a 10-year modified gross lease with 3.5% fixed annual escalations and options to extend, delivering $68,000 in Year 1 NOI with built-in income growth and minimal landlord obligation.
The Owners Are Retiring — Business Also Available for Purchase
The sale price applies to the real property ONLY. Merry Time Bar & Grill is separately available for acquisition — including the business name, goodwill, equipment, inventory, liquor license, and customer base built over 40+ years of continuous operation. You may purchase the property, the business, or both. Contact the listing broker for business financials and pricing.
Faits sur la propriété
Type de vente
Investissement ou propriétaire utilisateur
Condition de vente
Cession-bail
Type de propriété
Commerce de détail
Sous-type de propriété
Taille du bâtiment
4 577 pi²
Classe d’immeuble
B
Année de construction
1923
Prix
1 517 890 $ CAD
Prix par pi²
331,63 $ CAD
Taux de capitalisation
6,18%
Revenu net d’exploitation
93 833 $ CAD
Location
Unique
Hauteur du bâtiment
2 étages
Coefficient d’occupation des sols de l’immeuble
1,17
Taille du lot
0,09 AC
Zonage
C4 - Central Commercial - The Zone is the focal point for downtown retail, offices, and general services, designed to maintain a dense, pedestrian-friendly urban core.
Façade
Commodités
- Lot de coin
- Climatisation
- Awning
Impôts fonciers
| Numéro de lot | 22539 | Évaluation des bâtiments | 0 $ CAD |
| Évaluation du terrain | 0 $ CAD | Évaluation totale | 345 348 $ CAD |
Impôts fonciers
Numéro de lot
22539
Évaluation du terrain
0 $ CAD
Évaluation des bâtiments
0 $ CAD
Évaluation totale
345 348 $ CAD
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