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34187390

1897 12th Street Southeast, Salem, OR 97302

BA
OR 201261707
$290,000
1 day on market
Updated 1 day ago

1897 12th Street Southeast

Details
Property Type Retail, Business for Sale
Sub Type Restaurant, Business and Building (+1)
Square Footage 2,400
Tenancy Single
Lease Type NNN
Lease Expiration 07/31/2033
Year Built 1958
Investment Type Owner/User
Ground Lease No

Established Neighborhood Tavern w/Lotter & Real Estate Option

Marketing description

The business operates from a 2,640 SF facility that includes a 400 SF covered outdoor area and exclusive onsite parking. The building has seen meaningful capital improvements in recent years, including a roof less than five years old, fresh exterior paint, and a new digital sign. The sale includes all furniture, fixtures, equipment, POS system, and inventory at the seller’s cost (approximately $10,500). The business operates under a long-term Triple Net lease through July 2033 with three five-year renewal options.

This is a low owner-dependent operation supported by an experienced, long-term staff. Established pool leagues and regular customers provide built-in traffic and community engagement. The seller is committed to a smooth transition and is willing to provide reasonable training and support to the buyer during the handover period to ensure continuity of operations.

Operates as a neighborhood tavern in a stable location. The primary direct competitor is a nearby pool-focused bar on the same street, while other competitors include sports bars in the broader market. Differentiates itself through very late operating hours (until 2:30 AM), consistent lottery commission revenue, established pool leagues, and strong community presence. The combination of gaming income and late-night hours provides a competitive advantage over many traditional taverns in the area.

There is meaningful upside potential for a new owner. Key growth opportunities include expanding the food program (potentially adding breakfast or coffee service), increasing marketing around leagues and events, strengthening the business’s digital presence, and further developing the amusement and gaming side of the operation. The long-term lease and private parking provide a stable platform for future growth initiatives.

Investment highlights

Well-established neighborhood tavern located in a growing secondary market in the Willamette Valley, Oregon. This turnkey operation offers a diversified revenue mix including bar sales, food service, Oregon Lottery commissions, and popular pool leagues. The business benefits from strong community ties, late-night hours, and a loyal customer base.

The operation runs with low owner dependence thanks to an experienced long-term staff and established leagues. The business is secured by a long-term Triple Net lease through 2033 with three five-year renewal options, providing excellent stability. Private onsite parking and a covered outdoor area add significant value.

The real estate is also available for purchase separately at $595,000, giving qualified buyers the flexibility to acquire both the business and the property.

Listing Contacts

BA
OR 201261707

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Zoning

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Last updated Jun 23, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
Barb Arthur
License
201261707
Brokerage
Capacity Commercial Group
Brokerage Phone
5039496999
Title
Business Sales and Acquisitions
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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