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23491438
23491450

3119 WA-109, Copalis Beach, WA 98535 For Sale

JD
WA D4711
Windermere Re Ocean Shores
Listed by Windermere Re Ocean Shores
$1,195,000
423 days on market
Updated 64 days ago

Green Lantern Pub

Details
APN 191228110020
Property Type Retail
Sub Type Bar
Square Footage 2,201
Cap Rate 10.71%
NOI $127,979
Price per SqFt $543
Broker Co-Op Yes
Year Built 1916
Year Renovated 2024
Buildings 1
Stories 1
Lot Size (SqFt) 32,670
Zoning Retail Commercial
Investment Type Owner/User
Ownership Hall

Retail

Marketing description

Improved pricing with potential of owner terms subject to Seller's approval of buyer. Iconic pub on the Washington Coast. Owners have done remarkable job creating a welcoming atmosphere for a divergent audience ranging from Seabrook patrons, locals, business owners to tourists from all over. This is truly a gathering spot whether during summer tourist season or winter clam tides. Over the years the focus has changed to a great eating and entertainment experience. Courtyard with stage provides a great venue and a place where you can bring your dog and enjoy a meal. New County water system will allow for outdoor area expansion. Step back in time and enjoy a beer, play pool or try pull tabs. 2025 CAP rate of 10.7%. With seller’s approval of buyer, seller will offer financing with $400,000 down payment, 6% interest, 20 year term with 5 year cash out.

Investment highlights

Iconic pub with excellent customer base and reputation.

Location half way between Seabrook (wildly successful new resort town development) and Ocean Shores (the most visited tourist city on Washington’s Pacific Coast.

Proven ability to bridge high and low seasons with steady business.

Great food and service.

Beer garden with stage for small events.

Nearly total remodel in last couple of years.

Great opportunity for owner operator.

New County water system future hook up will provide opportunity to expand outdoor eating area.

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
$127,979.00
$10,664.92/mo

Valuation Metrics

0
DSCR
10.71%
Cap Rate
10.71%
ROI

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