$1,800,000
Netarts, OR 97143
MLS# TC-22357
2 baths | 3700 sqft
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Property Description
Turnkey bar/restaurant on Hwy 131 in Netarts—real property included! The Upstairs Bar & Grill is a landmark business with decades of proven success, known for its loyal local following and heavy tourist traffic. Extensively remodeled and in excellent condition, the property features a full-service kitchen, six high-performing Oregon Lottery machines, and a spacious covered deck overlooking Netarts Bay. Includes adjacent 1BD/1BA rental unit for added income or on-site housing. The level 0.5-acre lot offers ample parking and a fenced outdoor area for games and events. One of only two bars in town, this is a rare opportunity to own a high-demand coastal business. Strong financials with 9%+ projected cap rate. Sale includes FF&E, most inventory, and business name. Possible seller financing.
Details
Maps
Status Change Information
Status Change Timestamp: 2026-06-09
Back on Market Date: 2026-01-09
Price Change Timestamp: 2026-01-09T21:11:24Z
Tax & Legal
Business Name: Upstairs Bar & Grill
CC&R's: No
Currently Not Used
Association YN: No
Building
Accessibility Features YN: Yes
Year Built: 1946
Stories Total: 1
Lot
Water Body Access YN: No
Accessory Dwelling Unit YN: Yes
Lot Size Acres: 0.5
Lot Size Square Feet: 21780
Utilities
Cable Available: 1
Electricity Available: 1
Electricity Connected: 1
Sewer Connected: 1
Propane: 1
Remarks
Tillamook Public Historical Details: Parking: 0-10 Spaces
Accessibility Features
Accessible Approach with Ramp: 1
Accessible Full Bath: 1
Construction Materials
Fiber Cement: 1
Cooling
Heat Pump: 1
Fencing
Other: 1
Listing Terms
Cash: 1
Contract: 1
Conventional: 1
Lot Features
Level: 1
Possession
Close Of Escrow: 1
Road Frontage Type
Highway: 1
Road Surface Type
Paved: 1
Roof
Composition: 1
Water Source
Public: 1
Income and Expenses
Gross Income: 2000000
Cap Rate: 95
Net Operating Income: 210000
Operating Expense: 1790000
Building Features
Public Restroom(s): 1
Storage: 1
Showing Requirements
Appointment Only: 1
Call Listing Agent: 1
Historical Details
Historical MLS Number: 25-325
Listing Information
Listing Association Name: Tillamook County BOR
Property Sub Type: Mixed Use
Address
Street Number: 4805
Street Name: Netarts Highway
Street Direction Suffix: W
County: Tillamook
State: OR
Postal Code: 97143
Directions: From Tillamook: Hwy 131 west to Netarts. Property on left just as you enter town.
Parcel Number: 2S1005BD
Contract
Current Price: $1,800,000
Status: Active
Begin Date: 2025-06-14
List Price: $1,800,000
Listing Agreement: Exclusive Right To Sell
Listing Service: Full Service
Tax Legal
Tax Annual Amount: 5743.04
Tax Year: 2024
Tax Lot: 01400
Tax Map Number: 2S-10-05-BD-01400
Interior
Above Grade Finished Area: 3088
Living Area: 3700
Bathrooms Total: 2
Parking Information
Garage YN: 1
Property Features
Utilities: Cable Available; Electricity Available; Electricity Connected; Sewer Connected; Propane; Cable Available; Electricity Available; Electricity Connected; Sewer Connected; Propane
Accessibility Features: Accessible Approach with Ramp; Accessible Full Bath
Building Features: Public Restroom(s); Storage
Construction Materials: Fiber Cement
Cooling: Heat Pump
Fencing: Other
Listing Terms: Cash; Contract; Conventional
Lot Features: Level
Possession: Close Of Escrow
Road Frontage Type: Highway
Road Surface Type: Paved
Roof: Composition
Water Source: Public
Showing Requirements: Appointment Only; Call Listing Agent
Listing Office: Rob Trost Real Estate, LLC
Office Email: office@robtrost.com
Last Updated: June - 09 - 2026
Information deemed reliable but not guaranteed.