3
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$1,100,000
Est. payment /mo
1,887 SqFt
New
4706 6th ST Klamath Falls, OR 97603
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 1,887 sqft
Price per Sqft $582
MLS Listing ID 220206005
Year Built 1967
Annual Tax Amount $3,870
Lot Size 0.380 Acres
Acres 0.38
Lot Dimensions 0.38
Property Description
Turn key restaurant with good location on high traffic street with adequate parking and adjacent stop light. Restaurant has been in business for 30+ years with long term manager and has good customer base. Owner is not involved in daily operation and no family members are involved in running the business. Occupancy is listed at 76 with adequate seating in booths as well as additional seating at the counter. Has 2 restrooms with additional entrance on the side of the building. Kitchen has been recently updated and has specialized equipment to handle food preparation, cooking stations, walk-in cooler and refrigerators. The building is one story and consist of 1,887 sf and is located on .40 acres with access from two public streets. Yearly gross sales exceed 1 million dollars and net operating income is priced with a cap rate of 12%.
Location
State OR
County Klamath
Direction Located on 6th street between Hope and Fargo Streets.
Interior
Heating/Cooling Electric
Exterior
Parking Features Asphalt
Roof Type Metal
Parking Asphalt
Building
Lot Description Corner Lot, Level
Entry Level One
Foundation Slab
Water Public
New Construction No
Others
Senior Community No
Tax ID 518666
Security Features Fire Sprinkler System,Smoke Detector(s)
Acceptable Financing Cash, Contract, Conventional, VA Loan
Listing Terms Cash, Contract, Conventional, VA Loan
Special Listing Condition Standard
Listed by Golden Real Estate Properties,