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Listed by Stellar Realty Northwest
$525,000
Est. payment /mo
2,404 SqFt
Price Dropped by $25K
172 S Old Pacific Myrtle Creek, OR 97457
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Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 2,404 sqft
Price per Sqft $218
MLS Listing ID 714690645
Year Built 1950
Annual Tax Amount $2,259
Tax Year 2024
Lot Size 2.520 Acres
Property Sub-Type Commercial
Property Description
Commercial property with multiple income streams in a prime location! This 2.52-acre property presents an excellent investment opportunity with highway frontage, versatile zoning (C2 with a small R2 portion), and established income sources. The sale includes the decades-old Tri City Country Club bar, along with fixtures and owned inventory (some items convey, while others are vendor-supplied).In addition to the operating business, the property includes four fully occupied rental spaces and a studio cabin, creating multiple income opportunities. Approximate rental ROI from the rental spaces, cabin, and bar is $4,500/month, with additional income potential available for an owner/operator of the bar. Current owner is willing to lease back the commercial building or transition operations to a new owner. Call listing agent for additional details.With plentiful on-site parking, excellent highway visibility, strong rental demand, and flexible zoning that supports a variety of potential uses, this property offers both an established operating business and multiple income streams with room for future growth. Owner carry available with a large down payment. Motivated seller!
Location
State OR
County Douglas
Area _258
Zoning C2 & R2
Interior
Heating Wall Heater
Cooling Wall Unit
Equipment Fixtures, Furniture
Exterior
View Mountain, Territorial, Trees Woods
Roof Type Membrane
Garage No
Building
Story 1
Sewer Public Sewer
Water Public Water
Level or Stories 1
Others
Acceptable Financing Cash, Other
Listing Terms Cash, Other
NEARBY SCHOOL & BUSINESS
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Donna Jo Merrifield
Principal Broker, South/Central OR Area Leader, Dream & Key Group Team Leader | License ID: 971200102