About This Restaurant
Investment Highlights
Successful taphouse business included in sale or bring your own concept Three food carts on site with room for one more RV Park potential with 23 identified sites Premier event venue known for car shows, concerts and weddings 2.31 acres of excess land primed for development Stunning canyon views overlooking the Crooked River
Executive Summary
Opportunity OverviewDiscover a rare and lucrative real estate opportunity in the scenic Crooked River Ranch. This offering includes the successful Over the Edge Taphouse, two tax lots with potential for future development, including one that can be converted into an RV park for significant income growth. Nestled in the canyons, the property boasts stunning views and overlooks the picturesque Crooked River.The current operating business, Over the Edge Taphouse, is a successful concept for this property. It serves as an established base for hosting various events, including car shows, concerts, cornhole tournaments, bingo, and weddings. The taphouse features 3 food carts, 3 lotto machines (with the potential to add 3 more), a greenhouse with cornhole, and a dog park area. All furniture, fixtures, and equipment are included in the sale.This real estate offering includes two additional tax lots that provide flexibility for future expansion and development. The first lot, spanning 1.26 acres, is identified as a prime opportunity for RV park development. The proposed RV park could include 9 pull-through sites, 7 sprinter van sites, 4 teepees, and 3 long-term winter rentals. This development could significantly boost income and increase the property?s overall appeal. The second lot, measuring 1.05 acres, is currently used for overflow parking. Unlock the full potential of this property and enhance its value by capitalizing on these opportunities for growth and development.
Property Details
- Sale Type Owner User
- Property Type Retail
- Property Subtype Restaurant
- Building Size 1,728
- Building Class C
- Year Built 2019
- Price 1,750,000
- Price Per SF 1,013
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.01
- Land Acres 3.42 AC
Amenities
- Restaurant
- Signage
Property Taxes
Parcel Number | 131214-D0-02600 131214-D0-02400 131214-D0-02500 | Improvements Assessment | $0 |
Land Assessment | $0 | Total Assessment | $231,340 |
Date Created: | 2024-07-16 04:18:09 | Last Updated: | 2024-07-16 04:18:09 |
Address: | 13959 SW Commercial Loop Rd , Crooked River Ranch, Oregon, 97760 |