MyCovio's Restaurant 1311 Bay Ave

Investment Highlights

Established restaurant Includes real estate + ADU 2 blocks from the beach

Executive Summary

Very popular Italian kitchen inspired restaurant plus real estate for sale. Chef Paul, former owner/chef of Ristorante Fratelli in Portland's Pearl district and Willem's in downtown Vancouver, WA, created the incredibly year round busy MyCovio's restaurant in Ocean Park on the Long Beach peninsula. With a proven track record, MyCovio's is a destination restaurant for guests from the Portland/Vancouver and greater Seattle area and a favorite of many locals. If you're a chef tired of the big city and it's many competitors, then this is a "not to be missed" opportunity. The restaurant building is 936+/- sq. ft. with 22 seats, and an open kitchen. Additionally, there are a storage shed, a heated and insulated office, and a 5 year old meticulously maintained 2 bedroom/2 bath home on then property - all on a double lot. The price includes all real estate and the business with FF&E, which must be sold together.

• Sale Type    Investment or Owner User
• Sale Condition    Business Value Included
• Property Type    Retail
• Property Subtype    Restaurant
• Building Size    936
• Year Built    1996
• Price    585,000
• Price Per SF    625
• Business Value    185,000
• Percent Leased    100
• Building Height    1 Story
• Building FAR    0.09
• Land Acres    0.23 AC
• Opportunity Zone    Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

• Corner Lot
• Restaurant
• Storage Space