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    15029 Thorne Ln Lakewood, WA 98498

    Sponsored
    For Sale
    $680,000

    Established eatery, high traffic area, motivated seller.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional commercial property presents a unique opportunity to acquire a well-established and profitable restaurant in the thriving city of Lakewood, WA. Located at 15029 W Thorne Lane SW, this turnkey operation boasts a prime location at the doorstep of Joint Base Lewis-McChord (JBLM), ensuring high visibility and consistent customer traffic. The 0.21-acre lot houses a restaurant that has enjoyed over 20 years of success, cultivating a loyal customer base and a strong reputation within the community. Currently operating as a successful teriyaki and Chinese restaurant, the business is known for its easy operation, requiring only one part-time employee in addition to the owner. The current owner is planning retirement, making this a truly motivated sale. Sales have remained steady and are showing an increase in 2023 and into 2024, demonstrating the ongoing viability and potential for growth. The property is equipped with everything needed to immediately begin operations, allowing for a seamless transition. The existing setup is ideal for a new owner to continue the current concept or implement their own culinary vision. Convenient freeway access and high foot traffic from JBLM make this a highly desirable location. The roof was recently replaced in 2021, ensuring long-term structural integrity. This is a rare chance to own a profitable, established business in a prime location. Priced at $680,000.

    Property Features for 15029 Thorne Ln

    General Information

    Property type
    Other commercial real estate
    Lot Size
    9,148 SF

    Building Details

    Year Built
    1949
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Daycare Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Lakewood
    County
    Pierce
    State
    Washington
    Longitude
    -122.556
    Latitude
    47.12072

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    FAQs

    What type of property is this?
    Commercial real estate - Established eatery, high traffic area, motivated seller.
    Where is this commercial real estate located?
    The property is located at 15029 Thorne Ln Lakewood, WA.
    What is the asking price?
    The asking price for this property is $680,000.
    (360) 786-6900
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    15029 Thorne Ln Lakewood, WA 98498
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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
    15029 Thorne Ln Lakewood, WA 98498
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