$1,300,000
Garibaldi, OR 97118
MLS# LC-91899
Status: Closed
2 baths | 3395 sqft
1 / 50
Property Description
Rated BEST restaurant in Garibaldi, OR. Close to $800,000 in upgrades in 2015 for interior, exterior, and kitchen. Seating for 50+ people with separate bar/lounge area. ROI at 18%+ prior to 2020. On-premise profitable Lottery operation. Enclosed outdoor patio area has gas fireplace and accommodates larger gatherings. Price includes Building, Equipment, and Restaurant business, although Seller is open to selling business separately with some carry. Growth potential on catering side of the business. Chain motel next door and a large nearby RV campground, insures steady traffic year round. Profitable with financials available upon request to qualified buyers. Don'Let this opportunity pass you by.
Details
Maps
Documents
Status Change Information
Status Change Timestamp: 2021-09-02
Price Change Timestamp: 2021-02-25T18:53:38Z
Purchase Contract Date: 2021-04-18
Close Date: 2021-09-01
Close Price: 1300000
Tax & Legal
CC&R's: No
Currently Not Used
Association YN: No
Building
Year Built Details: Remodeled in 2016
Year Built: 1990
Lot
Lot Size Dimensions: 58x135
Lot Size Acres: 0.15
Lot Size Square Feet: 6534
Waterfront YN: 1
Remarks
Lincoln Public Historical Details: Building Type: Commerical, Garage Spaces: 2, Alternate Heat:
Building and Property Details
Building and Property Condition: Excellant
Construction Materials
T1-11 Type: 1
Foundation Details
Slab: 1
Levels
One: 1
Listing Terms
Cash: 1
Conventional: 1
Possession
Negotiable: 1
Road Frontage Type
Highway: 1
Road Surface Type
Paved: 1
Roof
Composition: 1
Business Details
Equip/FF Incl Y/N: No
List Available Y/N: No
Inventory Included Y/N: No
MDSE/Supp Included Y/N: No
Business Type
Restaurant: 1
Additional Tax and Location Information
Highway 101: West Side
Neighborhood Code: BAYLEY PARK ADDITION
Property Tax ID #: 11506
Tax District: 5613
Showing Requirements
Appointment Only: 1
Call Listing Office: 1
Historical Details
Historical MLS Number: 20-2115
Listing Information
Listing Association Name: Lincoln County BOR
Address
Street Number: 231
Street Name: Garibaldi
Street Suffix: Avenue
County: Tillamook
State: OR
Postal Code: 97118
Directions: HWY 101 to between Third and Second in downtown Garibaldi, Oregon
Cross Street: Third
Parcel Number: 1N1021AD-9900-
Contract
Current Price: $1,300,000
Status: Closed
Begin Date: 2020-09-25
Sold Price: $1,300,000
Listing Agreement: Exclusive Right To Sell
Listing Service: Full Service
Tax Legal
Subdivision Name: Bayley and Case's
Tax Annual Amount: 5435.97
Tax Year: 2019
Zoning: C-1 Commercial
Tax Lot: 9900
Tax Map Number: 1N1021AD
Interior
Living Area: 3395
Bathrooms Total: 2
Property Features
Business Type: Restaurant
Construction Materials: T1-11 Type
Foundation Details: Slab
Levels: One
Listing Terms: Cash; Conventional
Possession: Negotiable
Road Frontage Type: Highway
Road Surface Type: Paved
Roof: Composition
Showing Requirements: Appointment Only; Call Listing Office
Arial Plat Map Listing Office: Barclay - Properties, LLC
Office Email: nmoore@charter.net
Last Updated: December - 13 - 2025
Information deemed reliable but not guaranteed.