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MyCovio's Restaurant 1311 Bay Ave

936 SF Retail Building Ocean Park, WA 98640 £471,822 (£504/SF)

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.

Property Facts

Sale Type
Investment or Owner User
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Restaurant
Building Size
936 SF
Building Class
C
Year Built
1996
Price
£471,822
Price Per SF
£504
Business Value
£106,515
Tenancy
Single
Number of Floors
1
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.
Zoning
Commercial - Commercial
Frontage
100 ft on Bay Ave

Amenities

  • Corner Lot
  • Restaurant
  • Storage Space

About 1311 Bay Ave , Ocean Park, WA 98640

982 sq. ft. restaurant building and 840 sq. ft. 2 bedroom/2 bath home on one 10,000 sq. ft. double lot in the heart of Ocean Park, WA - 2 blocks from the beach.

Links

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PROPERTY TAXES

Parcel Number 75016000139 Improvements Assessment £182,022
Land Assessment £91,129 Total Assessment £273,152

PROPERTY TAXES

Parcel Number
75016000139
Land Assessment
£91,129
Improvements Assessment
£182,022
Total Assessment
£273,152
(360) 771-4967

  • Listing ID: 30972686

  • Date on Market: 15/02/2024

  • Last Updated:

  • Address: 1311 Bay Ave, Ocean Park, WA 98640

The Retail Property at 1311 Bay Ave, Ocean Park, WA 98640 is currently available For Sale. Contact Windermere Centralia for more information.

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1311 Bay Ave, Ocean Park, WA for sale Building Photo- Image 1 of 4
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1311 Bay Ave, Ocean Park, WA for sale Building Photo- Image 2 of 4
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1311 Bay Ave, Ocean Park, WA for sale Building Photo- Image 3 of 4
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© 2024 CoStar Group

MyCovio's Restaurant | 1311 Bay Ave
(360) 771-4967 x

MyCovio's Restaurant | 1311 Bay Ave

Brian Pelky, CCIM

(360) 771-4967

(360) 771-4967

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