Restaurant and Bar with Video Poker on Hwy 101 in Tillamook County, OR

This listing presents an established Restaurant/Lounge with Video Poker located on the prominent Hwy 101 in Tillamook County, Oregon. The business occupies a 3,995 sq. ft. building, which was completely renovated in 2015, and includes a 640 sq. ft. outdoor patio off the bar area. The facility serves breakfast, lunch, and dinner, benefiting from its strategic location adjacent to attractions like the Oregon scenic Railroad and the Garibaldi Bay Motel, as well as proximity to the bay and boat moorage. The state is currently undertaking major upgrades to Hwy 101 at this site, which are expected to significantly improve traffic flow. The asking price includes $300,000 worth of Furniture, Fixtures, and Equipment (FFE). Financials show a Gross Revenue of $1,100,000 and a Net Operating Income (NOI) of $262,242. Seller financing may be available for a qualified buyer with a substantial down payment. The property is listed by David E Clyde Real Estate.