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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
23491280
29544571

798 Ocean Shores Blvd NW, Ocean Shores, WA 98569 For Sale

JD
WA D4711
Windermere Re Ocean Shores
Listed by Windermere Re Ocean Shores
$995,000
423 days on market
Updated 17 days ago

Copalis Cove Pub

Details
APN 090100501402
Property Type Retail
Sub Type Bar
Square Footage 3,416
Cap Rate 16.15%
NOI $160,720
Price per SqFt $291
Broker Co-Op Yes
Year Built 1961
Year Renovated 2024
Buildings 1
Stories 2
Lot Size (SqFt) 10,019
Zoning Retail Commercial
Investment Type Owner/User
Ownership Copalis Cove LLC

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.

Listing Contacts

JD
WA D4711
Windermere Re Ocean Shores
Listed by Windermere Re Ocean Shores

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$160,720.00
$13,393.33/mo

Valuation Metrics

0
DSCR
16.15%
Cap Rate
16.15%
ROI

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