Copalis Cove Pub
Retail | 16.15% CAP | 3,416 SqFt
Marketing 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 reflect profit & loss. To qualified buyer, seller will provide financing… $300,000 down payment, 6% interest, 20 year term with 5 year cash out.
Investment highlights
Great location across from hotels.
Walk to convention center, events and shops.
Major renovation in 2024.
Excellent reputation.
Apartment upstairs has been vacant and allows for additional income or manager/owner residence.
Nearly 4 million annual visitors.
Most visited resort city along Washington’s Pacific Coast.
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