295 S Broadway

Investment Highlights

Excellent downtown Coos Bay location directly on Highway 101 Fully equipped kitchen Limited owner responsibilities and positive cash flow Beautifully decorated and recently updated building Oregon Lottery approved Business is offered fully functional and turnkey

Executive Summary

Fantastic opportunity to purchase this well-established tavern and restaurant in excellent downtown Coos Bay location directly on Highway 101. For over 30 years the "Coney Station" has had an excellent reputation offering great food, fantastic cocktails, and live music in a relaxed, yet upbeat atmosphere. Sale includes the beautifully decorated and recently updated building featuring a light and bright main dining/bar area, with large windows and attractive finishes and d?cor. Back of house features a large fully equipped kitchen including all equipment and stainless fixtures as well as newer fire suppression system, and much more. The separate entrance and large banquet room with poker area offers some excellent additional income. Excellent corner location on major intersection in area of similar restaurant and retail business. With limited owner responsibilities and positive cash flow this business is offered fully functional and turnkey including all furniture, fixtures and equipment as well as inventory and all business assets. Upstairs there are 2 apartments, one is a 2 bedroom and nicely appointment and well maintained, as well as a 1 bedroom in need of minor renovations. Take advantage of the tourism and sport fishing crowds as well as the loyal local customer base already in place or add your own unique spin on this classic, community favorite. Oregon Lottery approved and infrastructure in place to add 6 machines!!! Business entity, licenses and all service agreements to be transferred to the lucky buyer at closing along with all real estate, FF&E, and inventory. Call today for details on this once in a life time opportunity to own this iconic restaurant in the heart of beautiful Coos Bay Oregon.

• Sale Type    Investment or Owner User
• Property Type    Retail
• Property Subtype    Restaurant Restaurant General Retail Bar General Retail Freestanding General Retail Storefront Retail/Residential Restaurant
• Building Size    8,680
• Year Built/Renovated    1927/2011
• Price    1,299,950
• Price Per SF    150
• Cap Rate    3.21
• NOI    41,700
• Percent Leased    100
• Tenancy    Multiple
• Building Height    2 Stories
• Loading Docks    1 Exterior
• Building FAR    1.53
• Land Acres    0.13 AC

• Corner Lot
• Restaurant
• Security System
• Signage