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    1618 W 3Rd Ave Spokane, WA 99201

    For Sale
    $625,000

    Successful restaurant with equipment and real estate for sale.

    Property size:
    1,900 SF

    Property Features for 1618 W 3Rd Ave

    General Information

    Size
    1,900 SF

    Building Details

    Year built
    1929

    Source: John Powers Agent John Powers

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Restaurant Business with Real Estate

    This property features a 1,900 square foot restaurant situated on approximately 6,251 square feet of land. The property includes ample parking. It is located on West 3rd Avenue, between Browne's Addition and Downtown. The sale includes both the real estate and the restaurant equipment. An operating takeout business is currently in place. The property is located in a prime location on 3rd Avenue. The property is suitable to continue as a restaurant or for a new concept.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ming Wah Restaurant Chinese Restaurant

    Suggested Use

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

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

    Similar Places Nearby

    D'Zaar Catering & Good Services

    Location Insight

    • Map
    • Local Demand
    City
    Spokane
    County
    Spokane
    State
    Washington
    Longitude
    -117.4363698
    Latitude
    47.6537516

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    FAQs

    What type of property is this?
    Restaurant - Successful restaurant with equipment and real estate for sale.
    Where is this restaurant located?
    The property is located at 1618 W 3Rd Ave Spokane, WA.
    What is the asking price?
    The asking price for this property is $625,000.
    What are key features of this property?
    This property features: - Prime 3rd Ave Location Between Browne's Addition and Downtown; - Real Estate and Restaurant Equipment Package Included; - Long Time Successful Restaurant Business at this Location
    (509) 622-3563
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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
    1618 W 3Rd Ave Spokane, WA 99201
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