985 NEWMARK AVE, Coos Bay, OR 97420

Property Description

A rare opportunity to acquire one of Coos Bay’s most substantial recreational and commercial facilities. The Bay Area Athletic Club offers approximately 25,000 square feet of purpose-built space with an extensive array of existing amenities and excellent potential for continued operation, expansion, or future redevelopment.The facility features weight rooms, racquetball courts, basketball court, massage therapy room, and swimming pool. Additional amenities include two spacious locker rooms with, two saunas, two hot tubs, a steam room, daycare area, and reception space.The building is complemented by an approximately 48,000-square-foot parking lot with 85 on-site parking spaces, providing excellent capacity for members, employees, customers, or a future commercial use. A new membrane roof was installed in 2016, adding to the property's substantial existing infrastructure.Located within a Federal Opportunity Zone, the property may offer potential tax advantages to qualifying investors making this property is strategically positioned for the future of the Coos Bay market.Continue the long-standing legacy of the Bay Area Athletic Club or explore the possibilities of repositioning this large, highly improved facility for another commercial venture. Few properties in the area offer this combination of size, parking, existing infrastructure, amenities, and redevelopment potential.