33103 Redwood HighwayO'Brien, OR97534

$550,000
2 total units
1800 sq. ft
2.02 acres
Zoning: Rc; Rural Comm
653 days on market

VestorFilter™

Price per ft²$305.56/ft²
Price per acre$272.3K/ac
Time on market653 days

Property Description

After 25 years, the beloved local institution McGrew's Restaurant & Lounge is now on the market! This turnkey steakhouse & bar offers an 1800 sq. ft western themed building with intimate indoor seating and quaint patio seating under a canopy of trees. The lounge offers a full bar & pool table, with an outdoor entertainment area featuring fire pits, a stage, & additional seating. The new owner will find that everything is in place for them to step right in, with a fully equipped commercial kitchen and furnished bar. The business is situated on 2 acres of Rural Commercial real estate with frontage along the heavily traveled, historic Redwood Highway. There is a separate, second unit that has been used as a retail store & rented office in the past. The zoning allows for potential development, including self storage, vehicle storage, RV Park & more. With a strong loyal customer base & development potential, this is a great opportunity to own a well-established business with room to grow!

Financial Data

Price ChangeIncreased $50,000 on 01/13/2023
Total $50,000 increase
Original Price$500,000
Current Price$550,000
Property Taxes$2,100

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Home Facts

StatusActive
Year Built1948
MLS ID220149594