Lord Bennett's Restaurant 1695 Beach Loop Drive

Investment Highlights

Excellent location on the Southern Oregon Coast at Bandon, Oregon. Wonderful views of the the Pacific Ocean and SeaStacks. Meeting/lounge on first level, successful 30 + years of Fine Dining. Interior and Exterior of the Building in excellent condition

Executive Summary

The subject property is 37,026 square foot parcel, 0.82 acre, with 225 feet of frontage on Beach Loop Drive.The structure is a two-story building with a concrete foundation, wood frame construction built in 1989. Some interior remodeling was accomplished in 2009 to repair smoke and water damage from a fire. This a full-service, dine-in restaurant with a total of 5,280 square feet. The first floor has the entry way, storage and equipment rooms, manager?s office, private lounge that seats 30, two, ? employee bathrooms, a men?s restroom, and a women?s restroom. A walk-in in cooler/freezer is located on this floor. The second floor is accessed by a stairwell and elevator. This is the main dining area and seats 85, the wet bar and kitchen.New siding was installed on the building in 2018. There is a portion on the south side of the building that is going to be replaced in the very near future. At the present, a completely new HVAC system is being installed.Lord Bennett?s has been a landmark building and successful business for over 30 years offering fine dining with wonderful ocean views. The building and property have been continuously maintained in top condition. The owner, Rich Iverson, is the owner and head chef. Rich graduated from the New York Culinary Institute. He is prepared to assist with the transfer of the business operation for a period of mutually agreed arrangement with a new owner.

• Sale Type    Investment or Owner User
• Property Type    Retail
• Property Subtype    Restaurant
• Building Size    5,280
• Building Class    B
• Year Built/Renovated    1989/2018
• Price    2,200,000
• Price Per SF    417
• Tenancy    Single
• Building Height    2 Stories
• Building FAR    0.14
• Land Acres    0.85 AC

• Signage