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    220 Forks Ave Forks, WA 98331

    For Sale
    $689,000

    Established Restaurant, Highway 101 Frontage

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional commercial property presents a rare opportunity to acquire a long-standing, successful restaurant in the thriving Forks, WA community. Situated on over 0.77 acres of prime Highway 101 frontage, this established business boasts a rich history and consistent growth. Originally built in 1967 as a drive-in, the property has been thoughtfully expanded to include indoor dining, currently accommodating 70 seats (as of September 2021). The property benefits from convenient access to city water and sewer, and PUD power. Ample parking is available, with potential for further expansion given the significant lot size. The sale includes the real estate, existing equipment, and the established business, offering substantial blue-sky potential. This unique offering comprises six individual lots, presenting diverse development possibilities for a savvy investor. The property's location on a major highway ensures high visibility and accessibility, making it an ideal investment for a seasoned restaurateur or a developer seeking a profitable venture in a rapidly growing area. The combination of a proven business model and significant land provides a compelling opportunity for substantial returns.

    Property Features for 220 Forks Ave

    General Information

    Property type
    Other commercial real estate

    Building Details

    Year Built
    1967
    Property Profile Location Intelligence

    Current Use by Public Records

    Sully's Drive-In Restaurant

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Forks
    County
    Clallam
    State
    Washington
    Longitude
    -124.3859
    Latitude
    47.95329

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    Nearby Similar for Sale

    • $1,500,000
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    FAQs

    What type of property is this?
    Commercial real estate - Established Restaurant, Highway 101 Frontage
    Where is this commercial real estate located?
    The property is located at 220 Forks Ave Forks, WA.
    What is the asking price?
    The asking price for this property is $689,000.
    (360) 374-1100
    Request Owner's contact information
    220 Forks Ave Forks, WA 98331
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    220 Forks Ave Forks, WA 98331
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