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    138 Woodin Ave Chelan, WA 98816

    Sponsored
    For Sale
    $349,500

    Turnkey Restaurant, Established Business

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    Hanger 138, located at 138 E Woodin Avenue in the heart of downtown Chelan, WA, presents a unique opportunity to acquire a thriving, established restaurant. This business boasts a 25+ year history of serving the Lake Chelan Valley, offering a menu featuring burgers, sandwiches, and traditional pub fare in a lively atmosphere. A complete renovation in 2021 modernized the space, creating both family-friendly indoor and outdoor dining areas. The restaurant also features a dedicated adult-only section complete with four new pool tables and a classic cocktail bar, catering to a diverse clientele. The business benefits from a long-term lease (building not included in sale price). This turnkey operation is ideally positioned to capitalize on the consistent tourist traffic and strong year-round local resident base. Financial details are available upon execution of a non-disclosure agreement (NDA). Seller financing options may be available. This profitable and well-regarded restaurant offers an exceptional opportunity for an experienced food and beverage professional to establish themselves in a desirable location within a vibrant community. The sale price is $349,500.

    Property Features for 138 Woodin Ave

    General Information

    Property type
    Investment properties
    Property Profile Location Intelligence

    Current Use by Public Records

    Investment properties

    Suggested Use

    Law Firm Restaurant Realty agency Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Chelan
    County
    Chelan
    State
    Washington
    Longitude
    -120.0176
    Latitude
    47.83978

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Investment property - Turnkey Restaurant, Established Business
    Where is this investment property located?
    The property is located at 138 Woodin Ave Chelan, WA.
    What is the asking price?
    The asking price for this property is $349,500.
    (509) 682-7777
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    138 Woodin Ave Chelan, WA 98816
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    Chelan, WA 98816
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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
    138 Woodin Ave Chelan, WA 98816
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