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Salon Opportunity in Grand Coulee

217 Main St, Grand Coulee, WA 99133

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For Sale

$220,000

Commercial building with salon infrastructure in a high-visibility location.

Property size:

2,000 SF

Lot size:

0.06 Acres

Price / SF:

$110/SF

HighLights

High visibility and accessibility in a great location.
Equipped salon ready for immediate operation.
Rare opportunity to own a commercial building in the heart of Grand Coulee.
Previously operated as a thriving salon with decades of local business.
Features include 5 salon stations, 2 wash stations, 3 drying stations, manicure/pedicure stations, and a private facial/massage room.
ADA accessible bathroom and ample street parking.

We can help!

Contact an agent

Monica Desautel

For Sale

$220,000

Commercial building with salon infrastructure in a high-visibility location.

Property size:

2,000 SF

Lot size:

0.06 Acres

Price / SF:

$110/SF

Added:: Nov 1, 2024
Days on Market:: 613
Last Refresh:: Jun 30 at 12:42 am

Property Features for 217 Main St

General Information

Standard status: Active
Size: 2,000 SF
Lot size: 0.06 Acres

We can help!

Contact an agent

Monica Desautel

Listing office Best Choice Realty LLC

Listing date Nov 1, 2024

Source Exprealty

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

All listing content including descriptions, pricing, images are the copyrighted material of Best Choice Realty LLC

HighLights

High visibility and accessibility in a great location.
Equipped salon ready for immediate operation.
Rare opportunity to own a commercial building in the heart of Grand Coulee.
Previously operated as a thriving salon with decades of local business.
Features include 5 salon stations, 2 wash stations, 3 drying stations, manicure/pedicure stations, and a private facial/massage room.
ADA accessible bathroom and ample street parking.

Overview

This commercial building, constructed in 1984, offers 2,000 square feet of space on a 2,562 square foot lot. The property benefits from high visibility and accessibility, potentially ensuring consistent customer traffic. Previously operated as a salon for decades, the space includes five salon stations, two wash stations, three drying stations, a manicure chair station with a pedicure spa chair, and a private facial/massage room. Additional features include an employee break room, a utility room, and an ADA-accessible bathroom. The property also offers room for business expansion and benefits from ample street parking. The building is located in Grand Coulee and is suitable for a salon or other retail business.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$28.8k	$14.40
− Vacancy	−$2.9k	−$1.44
EGI	$25.9k	$12.96
− OpEx	−$7.8k	−$3.89
NOI	$18.1k	$9.07

2,000 SF · lease $14.40/SF/yr · vacancy 10.00% · expense 30.00%

Alternative Uses

Best Use

Retail

$259.2K

$226.8K – $302.4K (±1% cap)

NOI $18,144 @ 7.0% cap · market cap 8.25%

Second Best

—

no second resolved use

Theoretical Best

Office A

$434.5K

$380.2K – $506.9K (±1% cap)

NOI $30,413 @ 7.0% cap · market cap 13.82%

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

Property Profile Location Intelligence

Current Use by Public Records

Storefront properties

Suggested Use

Location Insight

Map
Local Demand

City: Grand Coulee
County: Grant
State: Washington
Longitude: -119.003
Latitude: 47.9404

What type of property is this?

Storefront property - Commercial building with salon infrastructure in a high-visibility location.

Where is this storefront property located?

The property is located at 217 Main St Grand Coulee, WA.

What is the asking price?

The asking price for this property is $220,000.

What are key features of this property?

This property features: High visibility and accessibility in a great location.; Equipped salon ready for immediate operation.; Rare opportunity to own a commercial building in the heart of Grand Coulee.