Over the Edge Taphouse

OFFERING MEMORANDUM

INNOVATIVE TAPHOUSE VENUE WITH PRIME DEVELOPMENT LAND

13959 SW Commercial Lp Rd, Crooked River Ranch, OR FOR SALE: 1,728 SF | 3.42 AC | $1,750,000

INVESTMENT SUMMARY

INNOVATIVE TAPHOUSE & EXCESS LAND

13959 SW Commercial Lp Rd | Crooked River Ranch, OR

OPPORTUNITY OVERVIEW

Discover a rare and lucrative real estate opportunity in the scenic Crooked River Ranch. This offering includes the successful Over the Edge Taphouse, two tax lots with potential for future development, including one that can be converted into an RV park for significant income growth. Nestled in the canyons, the property boasts stunning views and overlooks the picturesque Crooked River.

HIGHLIGHTS

Successful taphouse business included in sale or bring your own concept

Premier event venue known for car shows, concerts and weddings

Three food carts on site with room for one more

2.31 acres of excess land primed for development

RV Park potential with 23 identified sites

Stunning canyon views overlooking the Crooked River

Extra income from lotto machines and Harvest Hosts

Versatile property with many options for growth

THE OFFERING

OWNER USER OPPORTUNITY IN CROOKED RIVER RANCH

The current operating business, Over the Edge Taphouse, is a successful concept for this property. It serves as an established base for hosting various events, including car shows, concerts, cornhole tournaments, bingo, and weddings. The taphouse features 3 food carts, 3 lotto machines (with the potential to add 3 more), a greenhouse with cornhole, and a dog park area. All furniture, fixtures, and equipment are included in the sale. This real estate offering includes two additional tax lots that provide flexibility for future expansion and development. The first lot, spanning 1.26 acres, is identified as a prime opportunity for RV park development. The proposed RV park could include 9 pull-through sites, 7 sprinter van sites, 4 teepees, and 3 long-term winter rentals. This development could significantly boost income and increase the property’s overall appeal. The second lot, measuring 1.05 acres, is currently used for overflow parking. Unlock the full potential of this property and enhance its value by capitalizing on these opportunities for growth and development.

Sale Price $1,750,000

Building Size 1,728 SF

Total Land Area 3.42 acres (includes excess land)

Year Built 2019

Property Type Taphouse and Development Land Zoned for an RV Park Address

DETAILS

OPPORTUNITY

131214D002400; 131214D002500; 131214D002600 County

100 inside with more than 500 outside in the courtyard RV Park

Lot 2400 has potential to add 23 sites bringing in a proforma net income of $125,997 in Year 1. See pages 8-9 for more information.

Food Cart Sites

4 pad sites total. 1 truck paying rent, 2 trucks operated by the taphouse, and 1 site available to rent

FUTURE RV PARK

RV PARK DEVELOPMENT

Convert the 1.26-acre southern lot into a lucrative RV park to maximize your investment. The current owners have created a comprehensive site plan to optimize the property’s usage. The sellers, who own a construction company, can be contracted to install the park’s infrastructure. Developing this lot unlocks a substantial revenue stream while enhancing the property’s appeal and adaptability. This project not only boosts the business’s profitability but also elevates the overall value of the investment.

This lot configuration can be developed to include:

∙ 12 RV Sites: Suitable for larger RVs and motorhomes, providing convenience and ease of access.

∙ 7 Sprinter Van Sites: Tailored for smaller camper vans, catering to a niche market of adventure seekers.

∙ 4 Teepees: Offer a unique and immersive camping experience, attracting guests looking for something different.

∙ Long-Term Winter Rentals: Ideal for snowbirds and those seeking extended stays during the colder months.

FUTURE RV PARK

*Manager is compensated through their personal use of an RV spot for the year. This would only affect the revenue in the summer months as not all spaces are occupied in the winter.

HARVEST HOSTS

HARVEST HOSTS

Harvest Hosts is an innovative RV camping membership program that connects self-contained RVers with unique destinations, such as wineries, farms, breweries, museums, and other attractions. For a yearly membership fee, members enjoy unlimited overnight stays at over 5,000 Host locations across North America with no camping fees. This program offers RVers the chance to explore new areas while providing meaningful experiences and support for local businesses.

The Harvest Hosts program offers several benefits for the property.

It attracts a steady flow of guests to the lot slated for RV park development, where members can park their RVs without hookups. In exchange for a free overnight stay, guests are required to spend $100 at the Over the Edge Taphouse, providing a consistent stream of income and customer traffic. This arrangement boosts revenue for the taphouse while also increasing the property’s exposure to potential RVers who may return in the future. Additionally, this partnership builds a positive reputation for the property within the RVing community, attracting more visitors and enhancing the overall guest experience.

PROPERTY PHOTOS

INNOVATIVE TAPHOUSE & EXCESS LAND

13959 SW Commercial Lp Rd | Crooked River Ranch, OR

PROPERTY MAP

LOCATION OVERVIEW

INNOVATIVE TAPHOUSE & EXCESS LAND

13959 SW Commercial Lp Rd | Crooked River Ranch, OR

CROOKED RIVER RANCH

Crooked River Ranch is a picturesque community nestled in central Oregon, boasting stunning natural beauty and a welcoming, tight-knit atmosphere. Home to around 6,500 residents, it offers the perfect blend of tranquility and convenience. Surrounded by the Crooked River and breathtaking canyons, the area is a haven for outdoor enthusiasts, with opportunities for hiking, fishing, golfing, and exploring the region’s unique landscapes.

The community enjoys a temperate climate with warm summers and mild winters, creating an ideal environment for year-round recreation and outdoor activities. Crooked River Ranch also fosters a strong sense of community, hosting local events, clubs, and gatherings that provide ample opportunities for residents to connect and engage.

In addition to its natural charm, Crooked River Ranch offers affordable housing and a growing range of economic opportunities, making it an attractive place to live and work. Its proximity to nearby towns and cities such as Redmond and Bend provides residents with access to urban amenities while maintaining a peaceful, rural lifestyle. With its combination of serene living, community spirit, and easy access to amenities, Crooked River Ranch is a desirable destination for those seeking a high quality of life.

CENTRAL OREGON

LIFESTYLE

Central Oregon offers a rare mix of city amenities and restful isolation, including the slower speed of a small town with a medical community and infrastructure not normally seen in a region of its size. Additionally, Central Oregon residents maintain a work/life balance that is difficult to achieve elsewhere.

EDUCATION

Central Oregon is well-recognized for its high level of education, with some of the best K-12 public schools in the nation. In 2020, the Bend-La Pine school district’s average SAT scores surpassed the national average by over 130 points. Additionally, the region’s higher education opportunities abound. From the new Oregon State University-Cascades to Central Oregon Community College’s four campuses in the region, there are opportunities for all to obtain a quality education.

AIRPORT

Redmond Municipal Airport provides commercial air service with daily non-stop flights to Burbank, Denver, Los Angeles, Phoenix, Salt Lake City, San Diego, San Francisco, Santa Rosa, and Seattle via carriers American, Alaska, Avelo, Delta, and United. The airport is undergoing a $5.2 million expansion to meet the rising demand for transit in and out of the region.

300 Days of Sunshine

Miles of Trails

31 Breweries & Counting

Thriving Arts & Culture

30 Golf Courses

10-MILE RADIUS DEMOGRAPHICS

POPULATION TRENDS AND KEY INDICATORS Over the Edge Taphouse

OFFER TERMS

INNOVATIVE TAPHOUSE & EXCESS LAND

13959 SW Commercial Lp Rd | Crooked River Ranch, OR

OFFERING TERMS

The property at 13959 SW Commercial Lp Rd, Crooked River Ranch, OR 97760 is being offered for sale on an “as-is, where-is” basis.

Please submit offers via email to the listing team.

Interested parties must submit a written Letter of Intent (“LOI”) or a Purchase & Sales Agreement (“PSA”) outlining the terms and conditions under which they propose to purchase the Property. Such terms must include the following:

• Purchase price

• Company background and financial capability

• Source of capital (Equity/Debt)

• Amount and form of earnest money deposit(s)

• Required contingency periods (inspection, financing, etc.), including any extension(s)

• Closing timeline

All property tours must be scheduled in advance through the Compass Commercial listing team.

Dan

Jay Lyons, SIOR, CCIM

DISCLAIMER & EXCLUSIVE

DISCLAIMER: This marketing package has been prepared by Compass Commercial Real Estate Services (Compass Commercial) in full cooperation with the Seller of the Property solely for the purposes of providing preliminary information to prospective purchasers. It is not intended as the sole source of property and operational data and should not be relied on in place of appropriate due diligence activities. Neither Compass Commercial nor its agents can guarantee accuracy and no liability is assumed for financial, operational, physical, or other information provided herein including, but not limited to, errors and omissions, transmittal of inaccuracies, prior sale, price adjustments, or removal from marketplace without notice. Any indicated value of this investment is based upon assumptions, projections and estimates, which are variable by nature and subject to changing eco-

nomic conditions. The value of this investment to you will also depend on tax and other factors, which should be evaluated by your tax and legal experts or advisors. It is your responsibility to independently confirm information received about the property to your satisfaction and you are urged to seek advice from your own attorney, CPA, design consultant, franchise representative, and/or other qualified professionals in your investigation of this opportunity.

EXCLUSIVE: The property represented herein is exclusively listed for sale by Compass Commercial Real Estate Services. All negotiations for the purchase shall be conducted through Compass Commercial Real Estate Services.