416 E 3RD STLafayette, OR97127

$720,000
$257,836 annual income
1810 sq. ft
0.18 acres
SqFt7000to9999
Zoning: C
106 days on market
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Price per ft²$397.79/ft²
Price per acre$4M/ac
Time on market106 days

Property Description

Perfect Turn-Key Business Opportunity and Property in the heart of wine country. Hamblin Eatery is a local family-owned restaurant that opened in April 2020. This family has created a unique restaurant with an eclectic menu, handmade pasta, thin crust pizzas, gourmet tacos, local wines, and craft beer that keeps customers returning for more. The property has a beautifully established brick building settled right on the main road in Lafayette, which is a central point between Newberg and McMinnville. According to 2022's (latest available) Annual Average Daily Traffic Report, 13,056 cars/day come through Lafayette. With it's central location, Hamblin Eatery has become the place for locals to meet with friends and family and to have great food and wine. It is a must-stop for wine enthusiasts and tourists during their weekend wine-tasting tours. After almost four years of success and growth each year, the family has decided to move on and offer this opportunity to the next passionate chef and entrepreneur to take Hamblin Eatery to the next level of greatness. Check out their 5-star reviews on YELP, Facebook, and Google. Purchase comes with property, building, inventory and business opportunity. Sellers will provide recipes and training with purchase. Restaurant capacity is approx 54 with beer & wine license. Gross SQFT doesn't include storage closets. Art work is not included in purchase and is currently on display for sale by local artist.

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Financial Data

Original Price$720,000
Current Price$720,000
Property Taxes$777

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Home Facts

StatusActive
Year Built1911
Stories1
Garage
MLS ID24420665