$415,000
$449,000
7.6%For more information regarding the value of a property, please contact us for a free consultation.
710 SqFt
SOLD DATE : 09/01/2023
Key Details
Sold Price $415,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 710 sqft
Price per Sqft $584
Subdivision Merrill
MLS Listing ID 220164817
Sold Date 09/01/23
Year Built 1948
Annual Tax Amount $808
Property Description
The iconic Polar Bear restaurant is for sale. This popular eatery and ice cream spot has been a staple of the Merrill community since 1948. This is a turnkey business opportunity, complete with all equipment, supplies, 7 security cameras, and 9 employees. Second building, formerly the meat market, is included in this sale. Both buildings are cinder block construction, with ductless heat and air. Polar Bear restaurant sits on land leased from the City of Merrill. The current term is 5 years at $200.00 per month. New owner will need to apply and negotiate future lease with City of Merrill. The Polar Bear building, equipment and signage are owned by the sellers. The 2nd building sits across the park from Polar Bear. Sellers own 2nd building and land (.10 acre). Sellers have installed new roof (2022), and begun renovations in the 2nd building, leaving room for new owner to finish to their specifications, and usage. Equipment list included in Docs.
Location
State OR
County Klamath
Community Merrill
Direction Travel South, 17 miles, on Hwy 39 to Merrill from Klamath Falls, Polar Bear Restaurant on Right, 2nd included building, on right, just past Polar Bear and city park.
Rooms
Basement None
Interior
Interior Features Built-in Features, Ceiling Fan(s), Solid Surface Counters
Heating Ductless
Cooling Ductless
Window Features Aluminum Frames,Vinyl Frames
Exterior
Exterior Feature Patio
Parking Features Asphalt, Gravel
Roof Type Asphalt,Metal
Building
Lot Description Level
Entry Level One
Foundation Block
Water Public
Structure Type Block,Frame
New Construction No
Others
Senior Community No
Tax ID 122799
Security Features Carbon Monoxide Detector(s),Security System Owned,Smoke Detector(s)
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
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