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295 S Broadway, Coos Bay, OR 97420
$1,299,950
295 S Broadway, Coos Bay, OR 97420View this property at 295 S Broadway, Coos Bay, OR 97420
295 S BroadwayCoos BayOR97420
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Property Description
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 décor. 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.
Full Property Details
Full Property Details for 295 S Broadway
General
- Price: $1,299,950
- Taxes: $5,927 (2023)
- Status: Active
- Type: Commercial Service
- MLS ID: 24355354
- Updated: 5/14/2024
- Added to Site: 26 day(s) ago
Business
- Name: Coney Station
Additional Information
- Equipment: Fixtures, Furniture
Parking
- Parking Features: Off Site
Location
- County: Coos
- Driving Directions: Hwy 101 Corner of Curtis and Broadway
Community
- Community Name: 260 - Coos County
Heating & Cooling
- Heating Type: Zoned
- Heating Fuel: Electricity, Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
Structural Information
- # Buildings: 1
- Property Detached: Yes
- Construction: Concrete
- Roof: Built-Up
- Stories/Levels: 2
- Square Feet: 8,680
- Current Bldg. Use: Bar, Multi Family, Restaurant
- Year Built: 1927
- Property Condition: Approximately
Lot Features
- Lot Size (Acres): 0.14
- Lot Size (Sq. Ft.): 6,098
- Lot Size: 5, 000 to 6, 999 SqFt
- Frontage: Paved
Financial Considerations
- Operating Expenses: $362,007
- Tax Amount: $5,927.6
- Tax Year: 2023
- Terms: Cash, Conventional
Disclosures and Reports
- Documents Avail.: Aerial Photo, Profit & Loss Statement
- Legal Description: 25S1335-BA-TL800
- Property ID: 7031200
Listed by Pacific Properties (541) 269-5263, Joseph Aguirre (541) 217-7710
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Schools
Schools serving 295 S Broadway
School District:Coos Bay Sd 9
Rating | Name | Grades | Distance |
---|---|---|---|
Blossom Gulch Elementary School
370 2nd Ave, Coos Bay, OR 97420 | K-3 | 0.5 mi | |
260 2nd Ave, Coos Bay, OR 97420 | 4-7 | 0.8 mi | |
10th & Ingersoll, Coos Bay, OR 97420 | 8-12 | 0.6 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 295 S Broadway
Date
Details
Price
Change
Source
5/13/2024
Listed
$1,299,950
312.68%
MLS
8/06/2012
Sold
$315,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 295 S Broadway
Year
Property Taxes
Change
Tax Assessment
Change
2023
$5,928
4%
$341,430
5%
2022
$5,723
3%
$325,380
3%
2021
$5,575
3%
$315,910
6%
2020
$5,417
4%
$297,780
18%
2019
$5,201
19%
$252,060
—
2018
$4,355
10%
$252,060
5%
2017
$3,959
-14%
$240,050
-7%
2013
$4,589
—
$258,110
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 295 S Broadway
295 S Broadway, Coos Bay, OR 97420 (MLS# 24355354) is a Commercial Service property. 295 S Broadway is currently listed for $1,299,950 and was received on May 13, 2024. Want to learn more about 295 S Broadway? Do you have questions about finding other Commercial Service real estate for sale in Coos Bay? You can browse all Coos Bay real estate or contact a Coldwell Banker agent to request more information.