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Restored Restaurant Building With Apartments

128 Main St, Waitsburg, WA 99361

For Sale
$295,000

Restaurant property with an equipped kitchen, full-service bar, and two upstairs apartments.

Property SizeContact for details
Days on Market89

Property Features for 128 Main St

General Information

Standard status Active
Property subtype Commercial

Restaurant

Hood Type Type I
Commercial Hood Yes
Equipment Included Yes

Additional Details

Utilities to Site Yes
Sprinkler System Yes

Building Details

Year Built 1920
Buildings 1
Listing Agency: Berkshire Hathaway HS NW
Listed By: Craig R. Roberts
Source: Handrisrealty
Added: Aug 12 Changed: Nov 1 Last Checked: Nov 8 at 7:08AM

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 Berkshire Hathaway HS NW

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Investment Insights

Based on property information with market context.

Built in 1920, this restaurant property occupies a historic building of more than 5,000 square feet at 128 Main St in downtown Waitsburg. The building has undergone extensive restoration, including updated plumbing and electrical systems, a new fire sprinkler system, and a roof installed in 2010. Recent improvements include a wood-fired pizza oven, Class 1 hood, new kitchen fixtures, and upgraded bathrooms.

The restaurant setup includes a full-service bar and two manager or owner apartments on the upper floor. The offering also includes three separate tax parcels, with a vacant lot located north of the building. Kitchen and service fixtures remain in place for continued restaurant use.

Key Highlights

  • Historic 1920 building with more than 5,000 square feet
  • Three tax parcels, including a vacant lot north of the building
  • Two manager or owner apartments upstairs

Property Analytics

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Current Use

American 35 Restaurant

Suggested Use

Top Pick Plumbing Service Big Box & Wholesale Store Real Estate Agency Building Supply Bakery Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Sprinkler system
Yes
Utilities to site
Yes
Commercial hood

Location Intelligence

Trade Area within ½ mile

130
Businesses Nearby
Well-served
Demand for This Use

Demographics for 99361, WA

1,908
Population
908
Households
2.1
Avg Household Size
46
Median Age
24%
College-Educated
90%
High-School Grad
223.2 sq mi
ZIP Area
9
Density / Sq Mi
$91,742
Median Household Income
$51,700
Median Earnings
$1,038
Median Rent
$290,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025

Frequently Asked Questions

What type of property is this?
Conventional restaurant - Restaurant property with an equipped kitchen, full-service bar, and two upstairs apartments.
Where is this conventional restaurant located?
The property is located at 128 Main St Waitsburg, WA.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Historic 1920 building with more than 5,000 square feet; Three tax parcels, including a vacant lot north of the building; Two manager or owner apartments upstairs
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