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St. Helens, Oregon – 71 Cowlitz St.

The Klondike Restaurant & Bar / The Klondike Hotel

Property Summary

TurnKey restaurant and bar located in St Helens Oregon and near the waterfront. The Klondike Restaurant has a rich history and was an active busy bar for the last 12 years doing $850000 + per year. Monthly lease will be negotiated with well qualified tenants. The building is also available for a reduced price $699,999. The building total Sqft is 8488 . The restaurant footprint on main floor is 2122 SQFT with an equal size basement used for office and storage.

A history of the Klondike building :

The old 1910 Hotel served as a boarding house for local workers for the logging mill and boat docks where McCormick Steam Company constructed steam ships. The three-story hotel had a very colorful history. It seems that behind the hotel was bath houses where “working girls” entertained customers. The hotel was closed in 1961. The restaurant was opened a few years ago as a fine dining house and saloon. The hotel remains closed with thoughts of turning it into a bed & breakfast Inn. The room are as they were at the time of closing in 1961.

Lease Rate:

Negotiable for well Qualified Tenant

Sale price: $699,999

Possible owner contract with 30% down for well qualified buyers

Building has 12 rooms and can be converted back to hotel and strong remodel / plans can be downloaded below: