Lord Bennett's Restaurant | 1695 Beach Loop Drive
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Lord Bennett's Restaurant 1695 Beach Loop Drive
5,280 SF Retail Building Bandon, OR 97411 $3,118,434 CAD ($591 CAD/SF)
Investment Highlights
- Excellent location on the Southern Oregon Coast at Bandon, Oregon. Wonderful views of the the Pacific Ocean and SeaStacks.
- Meeting/lounge on first level, successful 30 + years of Fine Dining.
- Interior and Exterior of the Building in excellent condition
Executive Summary
The subject property is 37,026 square foot parcel, 0.82 acre, with 225 feet of frontage on Beach Loop Drive. The structure is a two-story building with a concrete foundation, wood frame construction built in 1989. Some interior remodeling was accomplished in 2009 to repair smoke and water damage from a fire. This a full-service, dine-in restaurant with a total of 5,280 square feet. The first floor has the entry way, storage and equipment rooms, manager’s office, private lounge that seats 30, two, ½ employee bathrooms, a men’s restroom, and a women’s restroom. A walk-in in cooler/freezer is located on this floor. The second floor is accessed by a stairwell and elevator. This is the main dining area and seats 85, the wet bar and kitchen. New siding was installed on the building in 2018. There is a portion on the south side of the building that is going to be replaced in the very near future. At the present, a completely new HVAC system is being installed. Lord Bennett’s has been a landmark building and successful business for over 30 years offering fine dining with wonderful ocean views. The building and property have been continuously maintained in top condition. The owner, Rich Iverson, is the owner and head chef. Rich graduated from the New York Culinary Institute. He is prepared to assist with the transfer of the business operation for a period of mutually agreed arrangement with a new owner. The business value is included in the price, and can be sold with or without.
Data Room Click Here to Access
Financial Summary (Actual - 2021) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
Financial Summary (Actual - 2021) Click Here to Access
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,280 SF
Building Class
B
Year Built/Renovated
1989/2018
Price
$3,118,434 CAD
Price Per SF
$591 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.14
Lot Size
0.85 AC
Zoning
CD-1 - Controlled Development Zoning. Restaurants are allowed with a Conditional Use and applies to the subject property.
Parking
39 Spaces (7.39 Spaces per 1,000 SF Leased)
Frontage
225 ft on Beach Loop Drive
Amenities
- Signage
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 1001052003 | Total Assessment | $1,954,048 CAD (2023) |
| Land Assessment | $0 CAD (2023) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $0 CAD (2023) | Tax Year | 2021 Payable 2021 |
PROPERTY TAXES
Parcel Number
1001052003
Land Assessment
$0 CAD (2023)
Improvements Assessment
$0 CAD (2023)
Total Assessment
$1,954,048 CAD (2023)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2021 Payable 2021
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Lord Bennett's Restaurant | 1695 Beach Loop Drive
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