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1311 Bay Avenue Ocean Park, WA $ 585,000
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$ 585,000 Get more info
1311 Bay Avenue
$ 585,000
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1311 Bay Avenue

Ocean Park, WA, 98640
$ 585,000
Baths0.0

Monthly Estimate*

$ 3,888

Listed by Windermere Centralia
1311 Bay Avenue, Ocean Park, WA 98640 - Image 1
1311 Bay Avenue, Ocean Park, WA 98640 - Image 2
1311 Bay Avenue, Ocean Park, WA 98640 - Image 3
1311 Bay Avenue, Ocean Park, WA 98640 - Image 4
1311 Bay Avenue, Ocean Park, WA 98640 - Image 5
Studio

Commercial Property for sale in Ocean Park, WA

for $585,000. This building was built in 1996 on a lot size of 0.2296.

Very popular Italian kitchen inspired restaurant + real estate. 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. MyCovio's is a destination restaurant 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, an open kitchen, a storage shed, & a heated and insulated office. It also includes a 5 year old meticulously maintained 2 bedroom/2 bath home on then property. The price includes all real estate and the business with FF&E.

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Commercial Active

Price

$ 585,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 2,224

Style

Comm Bldg Und 10K

Lot Size

0.2296

Year Built

1996

Town/City

Ocean Park

County/Region

Pacific

MLS | Web ID

2192135
Features
General
Interior Features Laminate Laminate Tile
Sewer Septic Tank
Heating Forced Air Wall Unit(s)
Cooling None
Possession Negotiable
Roof Composition Metal
Exterior Features Cement/Concrete Wood
HOA 0
Year Built 1996
Topography Level
Property SubType Commercial Industrial
Tax Year 2023
County Pacific
Net Operating Income 32976
Insurance Expense 2950
Property Type Commercial Sale
HOA / Comm Assn N
Subdivision Name Ocean Park
Possible Use Commercial
Building Features Disabled Access Storage
Special Listing Conditions None
Status Active
Directions North on Pacific Hwy - West on Bay Ave - Property is 1 block on the right.
City Ocean Park
Buyer Agent Compensation 2.5
Senior Community Y/N N
NumberOfUnitsTotal 0
MLS Area 930 - South Pacific County
Lot Size Units Square Feet
Lot Size Square Feet 10000
Carport Y/N N
Listing Terms Cash Out Conventional Owner Financing
Tax Annual Amount 2224
Electric Expense 2750
Fuel Expense 0
Property Condition Good
Public Remarks Very popular Italian kitchen inspired restaurant + real estate. Chef Paul former owner/chef of Ristorante Fratelli in Portland's Pearl district and Willem's in downtown Vancouver WA created the incre
Structure Type Unspecified
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Water Company North Bend Water
Zoning Class Commercial
Property Style 60 - Comm Bldg Und 10K
Cap Rate 5
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Interior
Flooring Laminate Vinyl
Total Fireplaces 0
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Bedrooms Possible 0
Ceiling Height Vaulted
Power Production Type Electric Propane
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Exterior
Water Source Public
Total Parking 10
Foundation Details Poured Concrete
Building Area Total 0
Lot Dimensions 100'X100'
Lot Size Acres 0.2296
Covered Spaces 0
Open Parking Y/N N
Irrigation Water Rights Y/N N
Site Frontage 100
Parking Uncovered Total 10
Accessory Dwelling Unit DetachedDwelling
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Internal Only
OriginalMLSID NWM2192135
Street Number 1 1311
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* Excluded Features
List By
Brian Pelky

Listing Agent

Windermere Centralia

Broker

Affordability Calculator

$4,073
Per Month
95%
5%
0%
Monthly Principal & Interest
$3,888
Monthly Property Taxes
$185
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
258624 Elementary School
258775 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
4/15/2024$585,000 -10.00% Price Down
1/18/2024$650,000 Listed Price

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1311 Bay Avenue, Ocean Park, WA, 98640 is a Commercial Property for sale at $585,000 with a lot size of 0.2296. 1311 Bay Avenue is a studio with 0.0 baths and was built in 1996. The property's zip code is 98640 which is in Ocean Park, WA

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